Press Release

Mesirow Advises Dallas Plastics on its Sale to Sole Source Capital

  • Dallas Plastics is a leading manufacturer of blown polyethylene film

  • Sale executed by Mesirow, one of the most active advisors in the paper, plastics and packaging sectors

  • Sole Source’s platform investment positions Dallas Plastics to accelerate growth in the attractive medical and food packaging sectors

CHICAGO, November 23, 2020 – Mesirow acted as the exclusive financial advisor to Dallas Plastics Corporation (“Dallas Plastics” or the “Company”) on its sale to Sole Source Capital LLC (“Sole Source”).

Dallas Plastics is a leading manufacturer of blown polyethylene film with printing, embossing and other valued-added capabilities for the medical, food and industrial end markets. Headquartered in Mesquite, TX, the Company utilizes cutting edge technology to produce best-in-class materials for its customers across its three U.S. manufacturing facilities. Dallas Plastics will join Sole Source, an industrial-focused private equity firm providing capital to North American lower-middle market companies, as a platform for both organic and inorganic growth. By leveraging Sole Source'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.

Kevin Pierce, president of Dallas Plastics, said, “Mesirow’s presence and expertise within the flexible packaging industry were essential to delivering the ideal solution for Dallas Plastics. The team provided exceptional counsel throughout the challenges ushered in by COVID-19.”

“We valued the opportunity to work with Dallas Plastics on this successful transaction,” commented Louis Mitchell, managing director of Mesirow Investment Banking. “The Company’s position as a leader in the film extrusion industry combined with Sole Source’s experience in building industrial companies will facilitate Dallas Plastics’ sustained growth and commitment to outstanding service.”

The sale of Dallas Plastics to Sole Source represents another successful assignment completed by Mesirow Investment Banking and highlights the firm’s expertise within the paper, plastics and packaging sectors. With deep long-standing relationships and a client-centric approach, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of clients.

About Mesirow
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with locations around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.

Mesirow was also recently named one of the Best Places to Work in Chicago by the Chicago Tribune and one of the Top Places to Work by Crain’s Chicago Business.

About Dallas Plastics
Headquartered in Mesquite, Texas and with locations in Longview, Texas and Wentzville, Missouri, Dallas Plastics is a leading manufacturer of blown polyethylene film with printing, embossing and other value-added capabilities for the medical, food and industrial end markets. As experts in blown film manufacturing, the Company works to provide quality, integrity, value and innovation to our customers.

Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow Financial investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Dallas Plastics Corporation, Sole Source Capital LLC, or their affiliates. Past performance is not indicative of future results. Mesirow Financial refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow Financial name and logo are registered service marks of Mesirow Financial Holdings, Inc. © 2020. All rights reserved. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.

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