Hoffmann Family Buys Viking Plastics

The Hoffmann Family of Companies announced today the acquisition of Viking Plastics, a custom injection molder serving the automotive, HVAC, and general industrial markets. Its clientele includes Ford, General Motors, Rheem, and Saft.

Founded in 1972, Viking Plastics operates more than 50 injection molding machines and multiple automated assembly cells at plants in Kentucky, Indiana, and Pennsylvania. Headquartered in Corry, PA, Viking Plastics serves a broad customer base across North America as well as in international markets.

"Viking Plastics has laid the groundwork essential for expansion, supported by its robust team, advanced manufacturing capabilities, and distinctive commitment to culture,” said HF Companies co-CEO Geoff Hoffmann. “We are excited to enhance our investment in the US manufacturing sector with such a transformative organization."

A multi-vertical, family-owned private equity firm, HF Companies comprises more than 110 global brands and employs approximately 11,000 people in 400 locations across the United States, Canada, and China.

In addition to strengthening HF Companies' global portfolio, the acquisition also brings Viking Plastics’ advanced automation capabilities and ability to rapidly produce high-quality products into the fold, driving efficiency and margin expansion, said the private equity firm.

The terms of the transaction were not disclosed.