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LVC buys Summit Plastics, targets more acquisitions
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Private equity firm LongueVue Capital announced Jan. 20 it is investing in Mississippi-based blown film and bag maker Summit Plastics Inc. and said it plans to be extremely active in the packaging and plastics industries.
New Orleans-based LongueVue said the investment in Summit is its first in the plastics sector. It s providing growth capital to expand Summit s product offerings and its national footprint, including in bioresin films, said LVC Vice President Evan Golden. Terms were not disclosed.
LVC also said it s brought in a longtime plastics industry executive, Paul Ebbert, as its operating partner for a new specialty packaging investment strategy that could include buying other firms. ....

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