Sole Source Capital Acquires Dallas PlasticsOctober 15, 2020
Sole Source Capital LLC (“Sole Source” or the “Firm”), an industrial-focused private equity firm providing capital to North American lower-middle market companies, announced the acquisition of Dallas Plastics (the “Company”), a leading manufacturer of blown polyethylene film with printing, embossing, and other value-added capabilities for the medical, food, and industrial end markets. Terms of the transaction were not disclosed.
Founded in 1989, Dallas Plastics is a leading independent producer of high-performance specialty films used in flexible packaging and other end-use markets. Dallas Plastics has established itself as a high quality, service-oriented manufacturer that utilizes leading-edge technology to best serve its customers. The films are made with the finest quality materials and are carefully processed in a controlled manner so customers consistently experience a superior product that is ideal for medical, food, and consumer applications. The Company has three manufacturing facilities in the United States, making it a strong choice for servicing any customer in North America.
As part of the transaction, Kevin Pierce, Dallas Plastics’ Chief Operating Officer, will assume the role of Chief Executive Officer. Founder Dennis Pierce will remain with the Company as a Senior Advisor.
By leveraging Sole Source Capital’s experience investing in leading industrial companies and its operating and M&A capabilities, this partnership will propel Dallas Plastics’ continued expansion across North America. The Firm will leverage Dallas Plastics’ strong reputation and network of relationships to source investment opportunities and execute its M&A strategy.