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Techniplas, LLC executed a sale of its core assets to existing investors Bayside Capital, Amzak Capital Management, and The Jordan Company, who contributed over $50 million in fresh capital. The sale closed June 19, 2020.
A consortium including H.I.G. Capital, Z Capital Group, and others agreed to acquire the core assets of Techniplas LLC. The deal was approved by the U.S. Bankruptcy Court for the District of Delaware on June 12, 2020.
Amzak Capital Management acquired majority ownership of StampTech and merged its operations with AOC MetalWorks, forming a metal stamping and fabrication platform with five facilities in the Southeast US and revenues over $80 million.