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ProMach acquires Statco-DSI Process Systems Sole Source acquires blown polyethylene film
ackaging machinery solutions ProMach has maker Dallas Plastics
Penhanced its systems and integration capabilities rivate equity firm Sole Source has purchased
for food and beverage (F&B) processing with the
PTexas-headquartered blown polyethylene film
acquisition of Statco-DSI Process Systems. Statco-DSI
producer Dallas Plastics. The companies did not
Process Systems specialises in providing integrated
disclose any financial terms of the transaction. Dallas
sanitary processing systems and engineering services
Plastics makes specialty films that are used in flexible
for the food, dairy, and beverage industries. As part of
packaging for various markets including medical,
the deal, Statco-DSI's team of more than 185
employees will join ProMach. Additionally, ProMach
will support Statco-DSI's growth by continuing to invest
in its operations across all locations. ProMach President
and CEO Mark Anderson said: “Our acquisition of
food, and industrial. It was founded in 1989 and
operates three manufacturing facilities in the US. The
partnership with Sole Source will enable Dallas
Statco-DSI significantly expands our capacity to Plastics to further position and expand its operations
partner with our North American customer base in a across North America. Sole Source Capital managing
very meaningful way. “Statco-DSI brings ProMach partner David Fredston said: “Our team identified the
further upstream on the production line into the flexible packaging space as an area of focus for Sole
processing technology side of the business, giving us Source due to its attractive end markets – primarily
the ability to help customers from processing to medical and food – and with its strong track record of
packaging increase their efficiencies, streamline their integrity and customers-first mentality, Dallas Plastics
operations, and continue bringing essential products to is the right cultural fit for our Firm. “This is Sole
the marketplace. “Whether it's greenfield projects, Source's 12th transaction since inception and further
minor upgrades, or major modifications we look validates our model and position as a preferred
forward to bringing even more value to our customers partner for leading private companies. “We look
with best-in-class engineering services, stand-alone forward to working closely with the Dallas Plastics
products, integrated systems, and aftermarket team to implement management's vision of investing
support. Additionally, the Statco-DSI designs and
in technology and additional capacity, while growing
manufactures a comprehensive portfolio of sanitary the business through acquisitions.” Following the
equipment including BlenZer blending and mixing
transaction, Dallas Plastics' current chief operating
systems, Therma-Stat extended shelf life officer Kevin Pierce will assume the role of chief
(ESL)/aseptic processing systems, high-temperature-
executive officer, while founder Dennis Pierce will
short-time (HTST) processing systems, plastic case
continue as senior advisor to the company. Pierce said:
packing systems and more. Statco-DSI joins ProMach's
“I am eager to take on this expanded role as we
Systems & Integration business line along with existing
partner with them and continue expanding, both
ProMach product brands Zarpac and ZPI. ProMach COO
organically and though strategic acquisitions, while
Bret Ranc said: “Bringing Statco-DSI into ProMach
offering unparalleled customer service and quality to
solidifies our solution and services line-up across our
food and beverage market segments.” our customers.”
October 2020 38 Plastics News
