Dallas Plastics, a portfolio company of private equity firm Sole Source Capital, has acquired Canadian packaging company Emballage MPP for an undisclosed sum.
Based in Montreal, Emballage MPP develops and sells a broad range of polyethylene (PE) based blown film products.
The company supplies its products to several end markets, including food packaging, medical and logistics.
Dallas Plastics said that the acquisition of Emballage MPP will help its entry into Canada and ‘significantly’ expand its addressable geographic market.
This is expected to strengthen the company’s position in the production and distribution of high-performance speciality films that are used in flexible packaging.
Dallas Plastics CEO Kevin Pierce said: “We are excited to welcome MPP to the Dallas Plastics portfolio.
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“With a focus on food packaging products and exposure to the Canadian market, we believe MPP makes a great addition to our growing company.
“We look forward to continuing to provide MPP’s customers with the excellent customer service and quality that they’ve come to expect from Angelo Orlando and his team.”
Emballage MPP founder Orlando said: “We look forward to partnering with Dallas Plastics.
“We have no doubt that MPP will be an excellent foothold into Canada for Dallas Plastics.
“MPP stands to benefit from Dallas Plastics’ scale, connectivity with resin suppliers, and operational expertise.”
Dallas Plastics manufactures blown PE films and offers embossing, printing and other value-added capabilities to the medical, food and industrial end markets.
The company is using Sole Source Capital’s expertise in mergers and acquisitions (M&A) with leading industrial companies to fuel its expansion across North America.
MPP is the second company Sole Source Capital has acquired through Dallas Plastics, following its purchase of Hi-De Liners in June last year.
Based in Massachusetts, Hi-De Liners specialises in manufacturing blown high-density polyethylene (HDPE) and linear low-density polyethylene film (LLDPE).