Private equity firm Blue Sage Capital announced that an affiliate of All-State Industries Inc. has acquired Allied Plastics LLC, a Twin Lakes, WI–based thermoformed plastics manufacturer. The acquisition brings additional capabilities and access to new markets to All-State, a supplier of nonmetallic components to OEMs across a range of end markets.
Allied specializes in medium- to heavy-gauge thermoformed plastic components for agriculture and heavy equipment OEMs, consumer products, and packaging/dunnage industries. Under the leadership of founders Tim Neal and Steve Wieder, Allied Plastics has grown to become one of the leading thermoformed plastics manufacturers within its markets due to its best-in-class design resources, vertically integrated extrusion capabilities, and product quality standards, said the news release.
This transaction marks the second sizable acquisition Des Moines, IA–based All-State has completed since partnering with Blue Sage in 2019. The combined business reportedly will be one of the largest providers of nonmetallic components in its markets, with eight total manufacturing facilities in the United States and Mexico.
“Our team is eager to partner with Scott and the entire All-State team,” said Tim Neal, President and co-founder of Allied Plastics. “All-State is the ideal partner that we were looking for, and this partnership will provide the resources and scale that will allow both Allied and All-State to continue to deliver the highest level of service and product quality to our customers.”
Read more at Plastics Today.