Nomacorc

Synthetic wine closures
Invested in
2007
Status

Acquired by Global Leisure Partners 2015

Location
Zebulon, NC
Sector
Growth Products & Services
Sector
Growth Products & Services
Website
Summit Team

|
2 billion

Closures produced annually, with Increased global production volume during Summit’s investment

500

Employees worldwide, with manufacturing facilities in the United States, Belgium, China and Argentina

2015

Acquired by Global Leisure Partners

2 billion

Closures produced annually, with Increased global production volume during Summit’s investment

500

Employees worldwide, with manufacturing facilities in the United States, Belgium, China and Argentina

2015

Acquired by Global Leisure Partners

Summit Team

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.

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