Shelton, CT – December 6, 2021 – Saugatuck Capital Company (“Saugatuck”) is pleased to announce the successful sale of Tulip Richardson Manufacturing (“TRM”). Saugatuck along with management acquired control of Tulip Molded Plastics Corporation in 2011 and completed a strategic merger with its largest competitor, Richardson Molding LLC, in 2019, renaming the combined companies Tulip Richardson Manufacturing. TRM is a leading, vertically integrated manufacturer of proprietary and custom injection molding products serving the industrial and automotive lead-acid replacement battery markets. TRM’s vertically integrated capabilities also established a strong reputation as a manufacturer of lead battery terminals and reprocessed polypropylene. TRM’s manufacturing platform consists of three facilities strategically located in Columbus, IN, Niagara Falls, NY, and Milwaukee, WI with over 135 injection molding presses ranging from 10T to 1,500T.

Founded in 1982, Saugatuck is a long-established private investment firm committed to leveraged recapitalizations and buyouts as well as growth equity investments in the lower, middle market. Sourcing investment opportunities through its well-established network, Saugatuck invests in service-intensive businesses demonstrating a proven ability to generate stable, growing cash flows where it has the requisite experience to drive accelerated portfolio company performance. For over three decades, the Firm has been dedicated to the philosophy of hands-on value creation in which exceptional management teams, in partnership with Saugatuck’s capital and expertise, build companies of outstanding value. For further information regarding Saugatuck Capital and its investments, please visit www.saugatuckcapital.com.