DETROIT — In a move that is expected to nearly double the company’s revenue and employee base, Bloomer Plastics Inc., a portfolio company of Huron Capital Partners in Detroit and Toronto, has acquired Optimum Plastics.
Wisconsin-based Bloomer Plastics is a producer of custom engineered cast embossed films for industrial, medical, and packaging markets, while Ohio-based Optimum Plastics is a leads in technology and high barrier coextruded blown films.
“Optimum is a great fit with Bloomer, and this acquisition is right in line with Huron’s buy-and-build strategy of partnering with strong management teams and investing for growth,” says Matt Hare, vice president at Huron Capital.
“We’re proud to welcome Optimum into the Bloomer Plastics family,” says Kevin Keneally, president and CEO of Bloomer Plastics. “Bob Clemons and his team have assembled the finest set of multi-layer high barrier film assets in the stand alone film market. We look forward to continuing their investment in state-of-the-art technologies for our mutual valued customers.”