Plastifab Strengthens North American Leadership with R&M Acquisition

Deal News | Apr 02, 2025 | Globenewswire

Plastifab Strengthens North American Leadership with R&M Acquisition

Plastifab Industries Inc., a portfolio company of Regimen Equity Partners, has announced its acquisition of the Pole Line Products business from R&M Plastics. This deal, involving key assets and intellectual property, aims to bolster Plastifab's market leadership in North America, particularly in the sector of extruded plastic products used to secure utility poles. This acquisition marks Plastifab's third in two years and is strategic for expanding its product offerings and customer base while reinforcing its commitment to quality. The integration will include Dan Ritchie, owner of R&M, joining Plastifab to ensure a smooth transition. This move aligns with Plastifab's strategy to broaden its product portfolio and geographic footprint while maintaining high standards of customer service. The acquisition will facilitate continuity for R&M’s existing customers and open new opportunities for innovation and growth within Plastifab.

Sectors

  • Plastics Manufacturing
  • Utility Infrastructure

Geography

  • North America – This acquisition and business operations primarily target customers and markets across North America.
  • Canada – Both Plastifab and R&M Plastics have operations in Canada, which is pivotal geographically in this transaction.

Industry

  • Plastics Manufacturing – This industry involves the production and manufacturing of plastic goods. Plastifab is a significant player in plastic extrusion and injection molding, and this acquisition bolsters its capabilities in this sector.
  • Utility Infrastructure – Products such as the extruded plastic guards used in utility poles fall within the utility infrastructure sector, significant in this acquisition given R&M's production of Pole Line Products.

Financials

    Participants

    NameRoleTypeDescription
    Plastifab Industries Inc.AcquirerCompanyA leading company in plastics manufacturing, focusing on plastic extrusion and injection molding.
    R&M PlasticsTargetCompanyKnown for producing high-quality custom plastic extrusion products, including its Pole Line Products.
    Regimen Equity PartnersPrivate Equity FirmCompanyThe equity firm that owns Plastifab Industries, playing a strategic role in its portfolio company's expansions.
    Dan RitchieOwner of R&M PlasticsPersonPresident of R&M Plastics, joining Plastifab to ensure a seamless transition post-acquisition.