Article: Is investing returning to plastics?(News)

Byline: Rhoda Miel

After months of tight credit, private equity groups are once again beginning to take serious looks at potential investment targets, including plastics firms.

While it is too early to make any sweeping generalizations, two different private equity firms put funds into plastics molders within days of each other in August, and one of those companies is ready to put money into more acquisitions if the purchase makes sense.

"We're opportunistic about that, said Michael McGovern, a partner in Wincove Capital, a New York-based private equity firm that purchased molder GI Plastek Wolfeboro LLC in a deal completed Aug. 20.

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