Distinct Capital Partners facilitated the acquisition of Nordica Plastics Ltd. by strategic investor Raj Mathur, aiming to drive growth while preserving the company's family legacy.

Information on the Target

Nordica Plastics Ltd. (“Nordica”), based in Mississauga, Ontario, is a prominent player in the plastic injection molding sector, having been founded in 1984 by Carmine Santarelli and his late father, Giovanni Santarelli. The company specializes in custom plastic injection molding and tooling, with a particular emphasis on innovative product lines, such as their acclaimed car-care products branded as Detail Guardz.

As a family-owned business, Nordica has established a strong legacy and a reputation for quality and creativity in plastic manufacturing. Following the acquisition, founder Carmine will continue to hold a significant stake in the business and will maintain an active leadership role, ensuring that the company's core values and family heritage are preserved as it embarks on a new chapter of growth under new ownership.

Industry Overview in Canada

The plastic injection molding industry in Canada has demonstrated robust growth over the past several years, driven by increasing demand across various sectors such as automotive, consumer goods,