Company Description
NewBold PlasticCards is the largest manufacturer of blank white and colored plastic cards in North America. PlasticCards can produce a variety of cards for several applications such as hotel keys, access cards, identification cards, and retail/gift cards. PlasticCards predominately produces graphic quality cards, but can produce a full product line of plastic cards including PVC/ PET composite, utility stress, super stress, RFID, and cards collated with a magnetic stripe overlay.
Services Provided
MelCap Partners served as NewBold Corporation’s exclusive investment banker and financial advisor in the sale of PlasticCards. We’d like to thank Keith Howerin, President and CEO of NewBold, and Stonewood Capital Management for hiring MelCap Partners to represent NewBold in this transaction. It was an honor and pleasure to work with them throughout this exciting process.
The Result
In order to focus on its core business, NewBold made a strategic decision to divest the PlasticCards business to a buyer that could provide necessary support to grow the business. MelCap Partners was able to successfully identify the best partner for the business. As a result, PlasticCards was sold to NewGuard Plastic Cards, LLC, a newly-formed portfolio company of Daboosh Investments, LLC.
“The MelCap Team exceeded our expectations throughout the deal process. Once we engaged them, it became obvious that we had chosen the right team to partner with. They did an exceptional job working with our Controller on the financial aspects of the deal. The MelCap team was professional, responsive, and offered sound guidance throughout our journey to transactional completion. My recommendation of the MelCap Team comes at the highest level!”
