United Plastics Group Inc., a division of MedPlast Inc., has been acquired by the Turnspire Capital Partners private equity group, according to Plastics News. Terms were not disclosed.
MedPlast is owned by Baird Capital Partners.
UPG is a custom molding manufacturer serving the data center, automotive, energy and industrial markets with manufacturing facilities in the U.S., the U.K. and China.
Turnspire plans to keep UPG as an independent company under its ownership.