Dallas Plastics has acquired Hi-De Liners Inc., according to a news release from Sole Source Capital, which owns Dallas Plastics. Terms of the transaction were not disclosed.
Headquartered in Orange, Massachusetts, Hi-De Liners is a manufacturer of blown high-density polyethylene (HDPE) and linear low-density polyethylene film (LLDPE), selling primarily to the industrial and converter end markets. Through this transaction, Dallas Plastics will add a fourth manufacturing facility to its U.S. operations.
Founded in 2016, Dallas-based Sole Source Capital is a private equity firm that invests in high-growth industrial subsectors.
Dallas Plastics is headquartered in Mesquite, Texas, and makes blown polyethylene film with printing, embossing, and other value-added capabilities for the medical, food, and industrial end markets.