Plantgistix serves some the world’s largest chemical producers out of three Houston-area facilities, providing a variety of resin enhancement and in-plant services to its customer base, and A&R is a leading supply chain services company for the chemical industry.
“The entire Plantgistix team is thrilled about this transaction and I look forward to merging our two teams,” said Sam Diaz, president of Plantgistix. “We chose A&R as our future partner due to our common core values and shared dedication to providing customers with the industry’s most consistent, reliable, creative and flexible solutions.
“This broader platform will allow us to provide the industry with a multi-port export packaging solution, as well as an end-to-end service offering that includes resin enhancement and in-plant services. This creates a special platform offering unparalleled opportunities for customers and employees alike.”
A&R says the acquisition positions it as North America’s “most significant” provider of outsourced warehousing, packaging and export services dedicated to the plastic resin industry. Earlier this year, A&R announced projects totaling more than $100 million to establish facilities on the US East Coast in Charleston SC and Savannah GA. Plantgistix complements A&R’s East Coast strategy, establishing a large footprint near the Port of Houston.
Founded in 1981 by Marc Levine, Plantgistix is considered one of North America’s best-operated plastic resin export packaging operations, delivering high-quality solutions to the world’s largest chemical companies, according to A&R. Following the transaction, Diaz and the entire Plantgistix team will join A&R.
“Through his focus on delivering the industry’s highest-quality service, and an emphasis on building a strong corporate culture, Marc Levine laid the foundation for a truly unique company,” said Mark Holden, CEO of A&R. “Likewise, Sam Diaz has done a remarkable job leading the business day-to-day, positioning Plantgistix as a true leader in this space. We could not be happier to welcome the Plantgistix management team and employees to the A&R family.”
Wind Point Partners acquired A&R in May in partnership with CEO Mark Holden, a veteran executive in the logistics space who previously led four separate investments to a successful sale or IPO. This represents the second add-on for A&R under Wind Point’s ownership, following the addition of Blue Water Plastic Transport in June. A&R’s acquisition strategy will continue to focus on acquiring companies that provide dry bulk transportation, warehousing and logistics services to producers and distributors of chemicals and plastics.
In addition, A&R says it seeks to expand into complementary services, including liquid chemical supply chain services.
“Aggressively expanding A&R’s presence in the chemicals export market was a key value creation initiative identified at the time of our investment, and this acquisition advances A&R’s position as one of the largest, most flexible supply chain partners for the world’s leading chemical companies,” said Konrad Salaber, managing director at Wind Point Partners. “This combination is very exciting for A&R, Plantgistix and all of our respective customers and employees.”