Nomacorc
Acquired by Global Leisure Partners 2015
Closures produced annually, with Increased global production volume during Summit’s investment
Employees worldwide, with manufacturing facilities in the United States, Belgium, China and Argentina
Acquired by Global Leisure Partners
Closures produced annually, with Increased global production volume during Summit’s investment
Employees worldwide, with manufacturing facilities in the United States, Belgium, China and Argentina
Acquired by Global Leisure Partners
Founded in 1999 and based in Zebulon, North Carolina, Nomacorc engineers synthetic wine closures to prevent cork taint, oxidation and crumbling, providing a long-term solution at a lower price than a traditional wine cork. By 2007, Nomacorc had become the worldwide leader in the growing market for synthetic wine closures. The company’s founders sought a financial partner to provide partial liquidity and to help them take full advantage of Nomacorc’s growth potential.
How Summit Partners Helped
- Led a recapitalization of the company in 2007
- Assisted with the acquisition of a European-based company, and assisted in the sourcing and evaluation of numerous acquisition opportunities across the globe
- Helped recruit a CFO and a General Manager for the European business
- Alongside management, recruited a senior executive from Kraft to provide crucial supply chain perspective to the Board of Directors
- Supported managment in expanding global manufacturing capabilities, adding facilities in China and Argentina
- Worked with management to evaluate and prioritize several strategies for growth, including expansion of product line and geographic reach
Global Leisure Partners acquired Nomacorc in 2015. At the time of Summit’s exit, Nomacorc was the top closure brand for still wines in many countries including France, Germany and the United States, and the company employed nearly 500 people worldwide.
Related News
Get the Latest from Summit Partners
Subscribe to our newsletter to stay up to date on our partners, portfolio, and more.