CVC Credit Partners supports Sole Source Capital and Dallas Plastics

Supporting Sole Source Capital’s acquisition and long-term growth strategy for the business

CVC Credit Partners (“CVC Credit”) is pleased to announce that it has provided a $60 million first lien loan to support Sole Source Capital’s acquisition and growth strategy of Dallas Plastics, a leading manufacturer of blown polyethylene film with printing, embossing, and other value-added capabilities for the medical, food, and industrial end markets.  

Founded in 1989, Dallas Plastics is a leading independent producer of high-performance specialty films for multi-use flexible packaging. The company 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. Dallas Plastics has three manufacturing facilities in the United States, making it a strong choice for servicing any customer in North America.

Kevin Pierce, Chief Executive Officer, Dallas Plastics, commented: “CVC Credit’s support, alongside that of our equity backer, will be essential in the years ahead. We are delighted to have enhanced our business with two highly engaged partners and a detailed growth strategy, which will accelerate our development.”

Scott Sussman, Partner, M&A at Sole Source Capital, added: “We greatly value our relationship with the CVC Credit team, how they communicate, and their speed and reliability as a partner. They are a team with deep domain expertise across a wide array of industries. We are very pleased to have secured their support for our growth ambitions at Dallas Plastics.”

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Andrew Eversfield, Director of CVC Credit Partners’ U.S. Private Debt business, said: “Serving a robust and growing market with a differentiated offering and established customer base, Dallas Plastics is an attractive prospect for any investor. When adding the experience and multi-faceted growth strategy brought to bear by a well-respected sponsor, the decision to support the business was, for us, a simple one. We are delighted to be able to support the business’ next stage of growth.”

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