Formerra (H.I.G. Capital portfolio company) Acquires Total Polymer Solutions

H.I.G. Capital Acquires Avient's Distribution Business, Creating Formerra

November 1, 2022

Industrial Services

H.I.G. Capital (through an affiliate) completed the acquisition of Avient Corporation's Distribution business for $950 million in cash and launched the business as an independent company named Formerra. The carve-out creates a platform distributor of engineered thermoplastic resins, additives and specialty polymers serving healthcare, consumer, industrial and mobility markets; Avient expects approximately $750 million in after-tax proceeds.

Formerra (H.I.G. Portfolio) Acquires Suministro de Especialidades

November 7, 2023

Industrial Services

Formerra, a portfolio company of H.I.G. Capital, has acquired Suministro de Especialidades, a Mexico City-based distributor of elastomers, adhesives, resins and performance additives. The add-on expands Formerra's product adjacencies and strengthens its Mexican presence with in-country formulation support and a combined technical sales team focused on the region.

Teufelberger and Sigma Plastics Group Acquire Maillis Plastics Solutions from H.I.G. Capital

April 4, 2022

Manufacturing

Teufelberger and Sigma Plastics Group have acquired Maillis Plastics Solutions (MPS) — a Karczew, Poland-based manufacturer of stretch film and plastic strapping — in a deal sold by H.I.G. Capital/Maillis Group. Teufelberger purchased MPS' strapping business to strengthen its European market position, while Sigma acquired the stretch film segment to establish a European presence.

MFG Chemical (Platte River Equity) Acquires H.P. Polymers

April 23, 2024

Manufacturing

MFG Chemical, a Platte River Equity portfolio company, has acquired H.P. Polymers, an independent paint and coatings resin manufacturer based in Puslinch, Ontario. The deal expands MFG's product portfolio and capabilities in the paint and coatings sector, enhancing service to customers across metal, wood, marine, specialty and coil end markets.

Tosca Acquires Polymer Logistics

October 16, 2019

Packaging

Tosca, a U.S. reusable packaging and supply-chain solutions provider backed by funds advised by Apax Partners, has agreed to acquire Polymer Logistics from a consortium of private investors. The deal expands Tosca's geographic footprint into Europe and broadens its reusable transport packaging and retail-ready product offering; Apax Funds committed additional capital to Tosca to finance the acquisition.

Generation Food Rural Partners (Big Idea Ventures) Merges TerraSafe Materials and DisSolves

June 24, 2025

Manufacturing

Generation Food Rural Partners I (GFRP), a fund managed by Big Idea Ventures, announced the merger of TerraSafe Materials, Inc. and DisSolves, Inc., combining TerraSafe's platform technology with DisSolves' edible, food-grade film technology. The consolidated company will operate under the TerraSafe brand to accelerate commercialization of 100% plastic‑free packaging solutions for the food and consumer goods markets.