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 COO, will assume the role of CEO. 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.
"This investment is a testament to the tremendous efforts and hard work of the Dallas Plastics' team, and demonstrates the high growth potential of our platform," says Kevin Pierce. "Throughout the process, Sole Source has demonstrated a deep understanding of the flexible packaging space, and we have been impressed with their track record of building leading industrial companies. I am eager to take on this expanded role as we partner with them and continue expanding, both organically and through strategic acquisitions, while offering unparalleled customer service and quality to our customers."