Revolution Co. is buying a stretch film maker based in Tennessee in a move that continues the company's national expansion.
Little Rock, Ark.-based Revolution described the company's latest acquisition of Five Points Films, of Shelbyville, as a regional maker of both hand and machine cast stretch film for the commercial sector.
Five Points, founded in just 2014, recently finished a multimillion-dollar expansion that includes new production equipment that's expected to boost output by 35 percent.
Revolution CEO Sean Whiteley called Five Points "a truly impressive business" in a statement revealing the acquisition. "The success and growth that the company has demonstrated in the short time since its founding is a testament to its best-in-class operation," he said.
Work in the coming months will include the introduction of post-consumer recycled plastic into Five Points products, the CEO said.
"We set out to develop a stretch film company that customers would genuinely enjoy working with, delivering high-quality, innovative products; personalized, friendly service; and integrity at our foundation," Five Points President Gregg Smith said in a statement. "By joining Revolution, we are confident that the success we have built will only continue thanks to our shared values."
Terms of the deal were not disclosed.
Acquisition of Five Points continues Revolution's buying spree, fueled by its own private equity purchase by Arsenal Capital Partners in 2019.
Introduction of recycled resin into Five Point's production comes as Revolution operates a recycling subsidiary called Delta Plastics of the South LLC, which has locations in Little Rock as well as Stuttgart, Ark.
The Little Rock location makes polytube for irrigation as well as the company's Revolution Bag can liners. The Stuttgart site recycles used polytube collected from farms, using the reclaimed polyethylene for can lines and also selling the resin to third-party customers.
Delta Plastics of the South has a capacity to handle 200 million pounds of recaptured PE each year. That ranks the company No. 14 in Plastics News' 2021 list of the largest plastic recyclers in North America, up from No. 23 the previous year.
This deal for Five Points Film follows Revolution's purchase of Jadcore LLC, a post-industrial plastics recycler in Terre Haute, Ind. That location handles some 100 million pounds of recycled plastics each year. Jadcore also makes can liners and specialty bags from the recycled resin.
And it was October 2020 that Revolution purchased Polar Plastics of St. Paul, Minn., a film, sheet and bag maker.