Single Source Acquires Plastic Film Manufacturer
Santa Monica-based private equity firm Sole Source Capital has agreed to purchase Hi-De Liners Inc., a Massachusetts manufacturer of high-strength polyethylene film used in packaging in the medical, food and industrial markets. .
Terms of the transaction were not disclosed.
Hi-De Liners, based in Orange, Mass., Will be absorbed by Dallas Plastics, a plastics company based in Mesquite, Texas, the sole source acquired last fall.
“This is the first add-on for Dallas Plastics, and our second in flexible packaging,” said Sumil Menon, Managing Director of Sole Source.
“We are trying to become a bigger player in a fragmented industry, to expand our geographic reach and expand our product offering,” he added.
Plastic wrap is used in everything from baby food pouches to sterile plastic bags filled with dentist tools. The film is also suitable for packaging applications in accordance with United States Food and Drug Administration regulations.
High density polyethylene film uses less material and has been made thinner in recent years without sacrificing tensile strength.
Through this transaction, Dallas Plastics will add a fourth manufacturing facility to its operations in the United States.
For reprint and license requests for this article, CLICK HERE.