HMS has been sold to CREO Group, a portfolio company of Mill Point Capital
HMS
HMS Mfg. Co. (HMS) is a leading manufacturer of high-performance plastics products for the consumer products space, with its headquarters in Troy, MI, and operations in Little Rock, AK, and Youngstown, OH. The company offers a wide variety of organizational products sold under the Hefty® and Home Logic® brands, as well as numerous private label brands for marquee retailers. HMS’s products are developed for home storage and organization, waste, laundry, kitchen and pet categories. HMS is committed to providing its customers with high-quality, innovative products that meet their needs.
The Deal
Following a period of impressive performance in recent years, HMS engaged Lincoln International to find a committed partner to support the company with its next phase of growth. Lincoln crafted a tailored process, which resulted in HMS choosing to partner with CREO Group (CREO), a portfolio company of Mill Point Capital. The addition of HMS to the CREO platform will help CREO accelerate its value creation plan, broaden its capabilities and reinforce CREO’s commitment to sustainable manufacturing.
Our Perspective
Chris Stradling and Ben Farris, Managing Directors at Lincoln International who led the transaction, commented, “We are thrilled to announce the combination of HMS with CREO. It was a privilege to work with Janet and her entire team. Janet has done an exceptional job building a truly outstanding company, fostering a culture of innovation and excellence that has set them apart in the industry. Their vision and dedication have been instrumental in driving HMS’s success, and we are excited for what the HMS team will bring to the CREO platform.”
CREO Group
Headquartered in Kissimmee, FL, CREO Group is a vertically integrated manufacturer of packaging solutions. The company’s capabilities include blow molding, pressure forming, injection molding, vacuum forming, custom printing/branding and an in-house resin recycling platform.
Mill Point Capital
Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies across the business services, industrials and IT services sectors throughout North America. Mill Point’s experienced team of investment professionals, executive partners and functional experts seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements.
Lincoln provided thoughtful advice through a unique, customized process. Their ability to articulate HMS’ unique capabilities, manufacturing expertise and multi-faceted growth plan were critical to delivering a successful outcome for my family and the company.
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