3 Boomerang Capital Makes Investment to Foster Strategic Growth at Matrix Plastic Products
3BC's Funding & Support Fuels Company's Growth While Scaling and Optimizing Production of Key Components to Medical Device Manufacturers
GREENWICH, Conn. and WOOD DALE, Ill., June 10, 2025 /PRNewswire/ -- 3 Boomerang Capital ("3BC" or "3 Boomerang"), a healthcare-focused, lower-middle-market private equity firm, today announced its investment in Matrix Plastic Products, Inc. ("Matrix" or the "Company"), a leader in the development and production of complex components via specialty injection molding technologies to robotic assisted surgery, medical device, and other mission-critical markets.
3 Boomerang's investment will support Matrix's facility expansion and fuel key growth initiatives, enabling the Company to scale operations and better serve its longstanding customer base. Matrix partners with medical device manufacturers to engineer, tool up, and produce ultra-precise molded components and sub-assemblies needed for medical devices and to complete minimally invasive surgeries with precision.
"The partnership with 3 Boomerang provides not only the capital we need to support our growth, but also a strategic partner who shares our growth vision," said Andy Ziegenhorn, CEO of Matrix. "The operational support 3BC brings to the table will enable us to scale with our customers while preserving the craftsmanship that has defined Matrix for nearly five decades."
Founded in 1978, Matrix has earned a world-class reputation for precision tooling, insert molding, micro molding, and overmolding. With a deep bench of seasoned engineers, toolmakers and designers, Matrix is recognized as a trusted partner for high-complexity, high-precision applications. Mr. Ziegenhorn will continue to lead the business from its headquarters in Wood Dale, IL.
"We are thrilled to partner with Andy and the Matrix team as they capitalize on the rapidly growing robotic assisted surgery market," said Peter Wen, Principal at 3 Boomerang Capital. "The team's deep technical expertise and strong customer relationships position the Company exceptionally well to meet the rising demand for precision-engineered components."
About Matrix Plastic Products
Matrix is a is a world leader in plastic injection molding, moldmaking, and manufacture of precision products for the robotic assisted surgery, medical device, electronics, personal care and other high-performance industries. Founded in 1978 and headquartered in Wood Dale, Illinois, Matrix combines world-class mold-building expertise with ISO-13485-certified, clean-room micro-molding, insert-molding and overmolding capabilities. For more information, visit www.matrixplasticproducts.com.
About 3 Boomerang Capital
3 Boomerang Capital is a lower middle-market healthcare private equity firm committed to fostering creative investment partnerships with healthcare entrepreneurs across North America and Western Europe. 3BC's areas of investment focus span four key healthcare sectors: Biopharma outsourcing, medical device and diagnostic manufacturing, information technology and tech-enabled services, and alternate site care. The firm specializes in backing founder-led businesses, providing the guidance and resources needed for successful growth and innovation in the healthcare market. By strategically concentrating on four core areas, 3 Boomerang Capital is well-equipped to deliver on its mission of empowering healthcare entrepreneurs and propelling healthcare businesses to new heights. The firm is currently investing out of its flagship fund, 3 Boomerang Capital I, LP, a $376 million investment vehicle.
For more information, visit https://www.3boomerang.com/
Media Contact
Alixe Kluttz
Chief of Staff
3 Boomerang Capital
a.kluttz@3boomerang.com
Laura Simpson
JConnelly for 3 Boomerang Capital
3BC@jconnelly.com
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SOURCE 3 Boomerang Capital
