Goodwin Procter attorneys recently advised The Watermill Group, a private investment firm, on its investment in The Plastics Group, a plastics engineering and manufacturing firm. Terms of the transaction were not disclosed.
The Watermill Group, based in Lexington, Mass., is a private investment firm that invests in the aerospace, automotive, chemical, industrial distribution, metals, and rubber and plastics industries, among others. The firm has completed more than 60 transactions since launching in 1978.
The Plastics Group (TPG), a manufacturer of highly engineered plastics components, is one of North America’s largest diversified blow molded product manufacturers. TPG was founded in 1997 and employs 312 people in two locations. The company is headquartered in Willowbrook, Ill.
The Goodwin team advising Watermill was led by partner David Powers.
More information about the transaction can be found in the Watermill press release.