Monomoy Capital Partners, L.P., a New York private equity fund has acquired Global Thermoplastics, L.P. (Texas, USA), a manufacturer of engineered compounds for plastic molding applications. Monomoy has integrated Global into Fortis Plastics, LLC, the growing plastic injection molding and extrusion platform that Monomoy formed in late 2008. Global is a regional compounder engaged in the wholesale manufacture, blending and distribution of highly-engineered resin materials used to manufacture plastic products. The company recently built a state of the art compounding facility strategically located in the Port of Houston and currently produces approximately 30 mln pounds of highly-engineered resin compounds a year.
The Global acquisition will enable Fortis to blend a significant portion of its resin compounds internally, reducing raw material costs and providing customers with higher-quality plastics and a wider range of material choices. This will make Fortis a one-point source for supply of customized compounding, tool making, molding and extrusion. Fortis currently operates ten facilities in the United States and Mexico that supply injection molded and profile extruded plastic components to the appliance, medical device, furniture and power tool industry.