Synthetic wine closures
Expanded global manufacturing capabilities, adding facilities in China and Argentina
Increased global production volume to more than 2 billion closures annually
Acquired by Global Leisure Partners in 2015
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 helped:
Global Leisure Partners acquired Nomacorc in 2015. At the time of Summit’s exit, Nomacorc employed more than 500 people worldwide and had established a strong market position; Nomacorc wine corks protect nearly 15% of the global still wine market.