EXTON, PA — AmerCareRoyal (ACR), a leading supplier of disposable foodservice supplies, has announced the recent acquisition of Thermosource Tooling and Manufacturing (TTM). The deal marks ACR’s ninth add-on acquisition since HCI Equity Partners’ initial investment and underscores the company’s commitment to diversifying its product portfolio and enhancing its market positioning.
TTM, established in 2004 and located in El Segundo, California, is known for its thermoformed and flexible packaging solutions tailored to foodservice, food production, and grocery applications. This strategic acquisition will allow ACR to extend its reach into complementary product and customer segments while bolstering its capabilities in branded and customized packaging solutions—a field in which TTM excels.
The integration of TTM into ACR’s business operations is expected to widen the product offering and value proposition for both companies’ customers. “TTM’s exceptional design and engineering capabilities, particularly in unique packaging formats, complement our existing product lines and capabilities,” said Scott Milberg, CEO of AmerCareRoyal. “This presents significant cross-selling opportunities, especially in segments where we have been seeking to expand.”
For TTM, joining the AmerCareRoyal family means gaining access to ACR’s robust customer relationships, expansive North American distribution network, and professional sales force. “We are looking forward to adding to the fantastic growth of the combined businesses,” shared Paul Smith, President of TTM.
HCI Equity Partners, a lower middle-market private equity firm that focuses on partnering with founder-owned distribution, manufacturing, and B2B service companies, backed this acquisition. “The TTM acquisition is a testament to our strategy of fostering growth through highly strategic acquisitions for our portfolio companies,” said Doug McCormick, Managing Partner at HCI. “We’re excited about the potential TTM brings to enhance ACR’s service offerings and market positioning.”
The acquisition of TTM is a promising move for ACR. As the disposable foodservice supply industry continues to evolve, companies are seeking to expand their product offerings and capabilities to meet the changing needs of their customers. By acquiring TTM, ACR has not only expanded its product line but also positioned itself to better serve a broader range of customer segments with enhanced packaging solutions. This strategic addition could very well set a new benchmark in the industry, making AmerCareRoyal a company to watch closely.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.