AmerCareRoyal (ACR), a supplier of disposable food service supplies and other items, recently purchased Thermosource Tooling and Manufacturing (TTM) based in El Segundo, California.
Founded in 2004, TTM supplies thermoformed and flexible packaging solutions for food service, food production, and grocery applications.
ACR, which has offices in Pennsylvania, South Carolina, and Texas, provides packaging and preparation products used in the food service, janitorial, sanitation, industrial, hospitality, and healthcare industries.
“TTM’s exceptional design and engineering capabilities, particularly in unique packaging formats, complement our existing product lines and capabilities, allowing us to provide a more comprehensive offering to our combined customer base,” said Scott Milberg, ACR’s CEO, in a news release. “Bringing TTM under the AmerCareRoyal umbrella presents significant cross-selling opportunities, especially in segments where we have been seeking to expand, while also growing the product offering available to TTM’s customers.”
Terms of the deal were not disclosed.
ACR is backed by HCI Equity Partners (HCI), which is headquartered in Washington, D.C. HCI is a lower-middle-market, private-equity firm that focuses on partnering with founder-owned distribution, manufacturing, and business-to-business service companies.