Alston & Bird client Sole Source Capital LLC, an industrial-focused private equity firm, has acquired Dallas Plastics, a leading manufacturer of high-performance specialty films used in flexible packaging and other end-use markets.
Sole Source will leverage the transaction to expand Dallas Plastics’ best-in-class platform and accelerate growth in the medical and food packaging sectors.
Founded in 2016, California-based Sole Source focuses on investments in high-growth industrial subsectors, including precision manufacturing, diversified distribution, and industrial services.
The Dallas Plastics transaction is the sixth this year by Sole Source for which Alston & Bird has advised on the financing. The firm also advised Sole Source on the acquisition financing for Supply Chain Services, a premier provider of automatic identification and data capture and factory automation solutions, as well as Supply Chain’s add-on acquisitions of Dasco Label and Miles Data Technologies; its financing for Worldwide Produce, a leading distributor of fresh produce, dairy, and specialty foods; and its financing for Premier Flow Control, a leading provider of flowback, nitrogen, and equipment rental services.
Advising Sole Source on these financings is an Alston & Bird Finance team led by partner Jordan Myers, senior associate Kayla Mehring, and associates Eric Ahlzadeh and Akiba Chonoles.