Dallas Plastics, a portfolio company of private equity firm Sole Source Capital, is expanding into the high-density polyethylene (HDPE) film market by acquiring Hi-De Liners.
Headquartered in Orange, Massachusetts, Hi-De Liners specialises in manufacturing blown HDPE and linear low-density polyethylene film (LLDPE).
The company serves the industrial and converter end markets, including janitorial supply, hospitality, seafood, bakery, medical and manufacturing segments.
All its products are made using virgin resin approved by the US Food and Drug Administration (FDA).
The financial details of the transaction have not been disclosed.
Dallas Plastics CEO Kevin Pierce said: “We’re excited to welcome Hi-De Liners to our portfolio. Its focus on HDPE products is a great addition to our growing company.
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“We look forward to continuing to provide Hi-De Liners’ customers with the excellent customer service they’ve come to expect from Bill Horne and his team over the past 13 years.”
The acquisition of Hi-De Liners will add a fourth production site to Dallas Plastics’ US operations.
It will also increase the company’s production capacity and customer base, as well as reinforcing its position in the manufacture and distribution of speciality films.
Sole Source Capital M&A partner Scott Sussman said: “Hi-De Liners has a proven commitment to providing customised solutions to its customers and will be a great fit with the Dallas Plastics team.”
Based in Mesquite, Texas, Dallas Plastics serves medical, food and industrial end markets with blown PE film that includes printing, embossing and other capabilities.
The company was acquired by Sole Source Capital last October and uses Sole Source Capital’s operational expertise, networking and mergers and acquisitions (M&A) experience to continue its expansion across North America.