Private equity firm Mill Point Capital has announced the divestment of shape-moulded packaging provider Huntington Solutions for an undisclosed amount.

The shape-moulded packaging solutions are made from expanded polystyrene (EPS), expanded polypropylene (EPP) and other advanced resins.

Since it was acquired by Mill Point Capital in 2016, Huntington Solutions has experienced growth, including expansion into the cold chain market.

Mill Point Capital partner Dustin Smith said: “We are very proud of what we accomplished together with the Huntington team over the last few years.

“Since the initial transaction in 2016, Huntington has evolved into a leading player in the foam packaging industry and is poised to benefit from continued strong trends in cold chain packaging.”

Mill Point Capital vice president Mark Paolano said: “It has been a pleasure working with Tom Barnes, Ed Flynn, Benjamin Raygoza and the entire team to transform the business, including through multiple acquisitions, to create a diversified packaging leader. We look forward to the continued success and evolution of Huntington.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Huntington chairman Jim Hamelink said: “The Huntington team has been highly successful in executing upon our value creation plan, positioning the company for long-term growth and market expansion. We are thankful for our partnership.”

In this deal, Huntington Solutions was represented by Raymond James & Associates, Inc.

Based in Greer, South Carolina, Huntington Solutions is a provider of shape-moulded and fabricated foam. It has seven production facilities, located in South Carolina, Michigan, Ohio, Virginia, Texas and two in Mexico.

These facilities are involved in the production and assembly of important components used in protective packaging, energy-absorbing safety materials and temperature-controlled containers.