Family-owned Hillside Plastics (Turners Falls, MA) has been purchased by Carr Management Inc. (CMI; Nashua, NH), a specialized manufacturer of blow-molded, high-density polyethylene bottles for dairy, water, food and industrial purposes. Hillside President Peter Haas will continue in his role at the company. Financial terms of the transaction were not disclosed.
“My family is confident that the decision to sell the business will enable further success and growth for the company in Turners Falls,” Peter Haas said in the news release. “Carr Management is a successful, well-managed, and growing company, with many similarities to Hillside, including a concern for the success of its employees, and a customer-centered, service-oriented business model. I look forward to continuing to help the company develop and grow in Turners Falls.”
Hillside produces blow-molded containers, including the proprietary Sugarhill Pure Maple plastic jug product line.
Founded in 1999, Carr operates six manufacturing locations throughout the country, including in Poland Spring, MA; Reading, PA; Newark, DE; Hebron, KY; Fresno, CA; and Corona, CA., and is a portfolio company of private equity firm Behrman Capital.
In a statement, Grant G. Behrman, Managing Partner of Behrman Capital, said, “When we acquired CMI in 2014, we saw an opportunity to accelerate the Company’s growth through the acquisition of other high-quality blowmolding manufacturers. The addition of Hillside gives CMI a complementary product offering for growing end markets and enables both companies to access customers in new geographies. We look forward to continuing to support the company, including through investment in the newly acquired Hillside operations.”
Beth Muscato, CEO of CMI, said, “We are very pleased to welcome Hillside to the CMI family, and are excited about what we can achieve together with our shared commitment to a customer-centered, service-oriented business model. We thank Behrman for its invaluable partnership, including through this transaction process, as we execute on our growth strategy.”