Behrman Capital has sold Plastic Industries to Altium
Headquartered in Nashua, New Hampshire, Plastic Industries is a manufacturer of blow molded, high-density polyethylene bottles for food, specialty beverage, dairy, health, wellness, household and industrial product markets. The company has nine facilities, state-of-the-art technologies and nearly 600 well-trained personnel that continuously create top-quality, high-density polyethylene (HDPE) and PET products for clients across the Northeast, Mid-Atlantic and West Coast regions of the United States. Plastic Industries also offers custom bottle design, decoration service, inventory management and sustainable solutions. For more information, please visit www.plasticind.com.
Behrman acquired Plastic Industries in 2014 and established the company as a leading plastic manufacturing platform, completing two successful add-ons, investing in the operating infrastructure, making strategic management team hires and diversifying the product mix into high growth, recession-resilient end markets. Plastic Industries possesses deep customer relationships with an impressive base of both blue-chip and emerging brands built on decades of trust and reliability. Plastic Industries’ combination of product breadth, scale, capabilities and unique market position, supported by favorable secular end market tailwinds positions the company well for future growth.
Luke Webb, Managing Director in Lincoln’s Industrials Group who leads packaging, commented, “Given recent environmental trends, sustainability continues to play an increasing role in purchasing decisions and focus of the investment community, plastic-based packaging suppliers like Plastic Industries are poised to benefit from industry tailwinds. Plastic Industries’ focus on recyclable HDPE plastic products will continue to contribute to the company’s continued growth. We are looking forward to seeing Plastic Industries continue to grow and evolve within the Altium platform in the years ahead.”
Based in New York City and San Francisco, Behrman Capital was founded in 1991 by Grant G. and Darryl G. Behrman. The firm invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses. The company’s investments are primarily focused in four industries: health care, specialty manufacturing, business to business outsourcing and defense. The firm has raised five funds with a combined capital base in excess of $3.0 billion. For more information, please visit www.behrmancap.com.
Headquartered in Atlanta, Altium is one of North America’s largest plastic container companies and suppliers of rigid plastic packaging. The company offers custom design and development of plastic packaging and recycled resin. Altium operates a network of 60 plants in the U.S. and Canada. For more information, please visit www.altiumpkg.com.
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