{"id":55491,"date":"2023-04-04T12:07:34","date_gmt":"2023-04-04T10:07:34","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/formerra-an-h-i-g-capital-portfolio-company-completes-acquisition-of-total-polymer-solutions\/"},"modified":"2023-04-04T12:07:34","modified_gmt":"2023-04-04T10:07:34","slug":"formerra-an-h-i-g-capital-portfolio-company-completes-acquisition-of-total-polymer-solutions","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/formerra-an-h-i-g-capital-portfolio-company-completes-acquisition-of-total-polymer-solutions\/","title":{"rendered":"Formerra, an H.I.G. Capital Portfolio Company, Completes Acquisition of Total Polymer Solutions"},"content":{"rendered":"
\n

NEW YORK–(BUSINESS WIRE)–#Acquisition<\/a>–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $55 billion of equity capital under management, is pleased to announce that its portfolio company, Formerra, LLC (\u201cFormerra\u201d or the \u201cCompany\u201d), the leading distributor of highly engineered thermoplastic resins, additives, and other specialty polymers in North America, has acquired Total Polymer Solutions (\u201cTPS\u201d).<\/p>\n

<\/a><\/p>\n

\nThe acquisition of TPS further enhances Formerra\u2019s leadership in the healthcare market and aligns with the Company\u2019s strategic plan of expanding into Europe. TPS\u2019s market presence in Ireland and the United Kingdom are particularly attractive due to both countries\u2019 growing leadership in medical device and equipment production. TPS has an expansive product portfolio, exceptional customer service, and in-depth healthcare technical and regulatory expertise.<\/p>\n

\nRonan Kennedy and Eamonn Keane, TPS\u2019s co-founders and owners, will join the Formerra team and remain invested in the business going forward. TPS is the first add-on acquisition that Formerra has completed since H.I.G. acquired the Company from Avient Corporation in November 2022.<\/p>\n

\n\u201cTotal Polymer Solutions will enable Formerra to strengthen its global healthcare distribution platform while building on both companies\u2019 shared capabilities around rapid product development, innovation, and regulatory support,\u201d commented Cathy Dodd, Chief Executive Officer of Formerra. \u201cThis acquisition enables us to better serve our global healthcare customers in Europe with streamlined supply chain management and faster go-to-market support, driving significant value for all stakeholders.\u201d<\/p>\n

\nRonan Kennedy and Eamonn Keane added: \u201cWe are excited to join forces with Formerra and together, we can create greater benefits for our customers by leveraging our combined strengths. Formerra\u2019s leading product design and manufacturing support services in combination with our strong in-region market presence positions us to be nimble and meet bespoke customer requirements.\u201d<\/p>\n

\n\u201cTPS is a highly complementary addition to Formerra that will allow the Company to better serve the unique needs of customers in the dynamic healthcare and medical markets,\u201d commented Rob Jang, Managing Director at H.I.G. \u201cWe look forward to continuing to support Formerra\u2019s growth journey through investments in specialty engineered materials and value-added service capabilities.\u201d<\/p>\n

\nAbout Formerra<\/b><\/p>\n

\nFormerra is a preeminent distributor of engineered materials, connecting the world\u2019s leading polymer producers with thousands of OEMs and brand owners across healthcare, consumer, industrial, and mobility markets. Powered by technical and commercial expertise, it brings a distinctive combination of portfolio depth, supply chain strength, industry knowledge, service, leading e-commerce capabilities, and ingenuity. The experienced Formerra team helps customers across multiple industries to design, select, process, and develop products in new and better ways \u2013 driving improved performance, productivity, reliability, and sustainability. To learn more, visit www.formerra.com<\/a>.<\/p>\n

\nAbout Total Polymer Solutions<\/b><\/p>\n

\nTotal Polymer Solutions is an industry-leading distributor of innovative polymer materials and technologies, dedicated to delivering sustainable, high-performance material solutions. Our team of experts collaborates with clients to develop tailored products and services that meet the unique needs of industries including healthcare, consumer, transportation, aerospace, and other end market. To learn more about our comprehensive offerings and dedication to customer success, visit totalpolymer.com<\/a>.<\/p>\n

\nAbout H.I.G. Capital<\/b><\/p>\n

\nH.I.G. is a leading global private equity and alternative assets investment firm with $55 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogot\u00e1, Rio de Janeiro and S\u00e3o Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused\/ value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm\u2019s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com<\/a>.<\/p>\n

\n* Based on total capital commitments managed by H.I.G. Capital and affiliates.<\/p>\n

Contacts<\/b> <\/p>\n

\nRobert Jang
\n
Managing Director
\n
rjang@higcapital.com<\/a><\/p>\n

\nChristopher Kozak
\n
Principal
\n
ckozak@higcapital.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK–(BUSINESS WIRE)–#Acquisition–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $55 billion of equity capital under management, is pleased to announce that its portfolio company, Formerra, LLC (\u201cFormerra\u201d or the \u201cCompany\u201d), the leading distributor of highly engineered thermoplastic resins, additives, and other specialty polymers in North America, has acquired Total Polymer Solutions (\u201cTPS\u201d). … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-55491","6":"format-standard","7":"category-industry"},"yoast_head":"\nFormerra, an H.I.G. 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Capital (“H.I.G.”), a leading global alternative investment firm with $55 billion of equity capital under management, is pleased to announce that its portfolio company, Formerra, LLC (\u201cFormerra\u201d or the \u201cCompany\u201d), the leading distributor of highly engineered thermoplastic resins, additives, and other specialty polymers in North America, has acquired Total Polymer Solutions (\u201cTPS\u201d). ... 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