The transaction will allow Dallas Plastics to add a fourth manufacturing facility to its operations in the US
Dallas Plastics, a portfolio company of Sole Source Capital, has acquired US-based Hi-De Liners for an undisclosed sum.
Based in Orange, Massachusetts, Hi-De Liners is engaged in the manufacturing of blown high-density polyethylene (HDPE) and linear low-density polyethylene film (LLDPE) for the industrial and converter end markets.
The company produces high density and linear low-density polyethylene bags and film using FDA-approved virgin resin.
Hi-De Liners’ flexible packaging products are used in different industries, including janitorial supply, hospitality, seafood, bakery, medical, and manufacturing.
The transaction will allow Sole Source Capital’s portfolio company to add a fourth manufacturing facility to its operations in the US.
The increased scale and geography are said to enhance Dallas Plastics’ customer base and strengthen its presence in the production and distribution of speciality films used in flexible packaging.
Dallas Plastics CEO Kevin Pierce said: “We’re excited to welcome Hi-De Liners to Dallas Plastics. Its focus on HDPE products are a great addition to our growing company.
“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.”
In October last year, Sole Source Capital acquired Texas-based Dallas Plastics, which produces high-performance speciality films for flexible packaging and other end-use markets.
The Texas-based company is engaged in the manufacturing of blown polyethylene film with printing, embossing and other value-added capabilities for the medical, food and industrial end markets.