New Hampshire Plastics is a manufacturer of high-impact polystyrene (HIPS). NHP primarily produces custom roll and sheet-extruded HIPS for several end markets. NHP’s products are key components for graphics and printing, point-of-purchase displays, medical and food packaging, the aerospace industry, and agricultural markets. In addition to in-house lab capabilities that provide color matching and custom blends, NHP maintains exclusive technology rights that allow for lightweight HIPS manufacturing.
Operating for nearly 50 years with a history of consistent revenue and profitability, the ownership of New Hampshire Plastics decided to explore a transaction to facilitate succession planning and ensure the business was well-positioned for the future. As a leader in HIPS manufacturing, it sought an acquirer that would leverage its intellectual property and plastics manufacturing capabilities.
SSG was retained to explore strategic alternatives for NHP, including identifying a new partner to support its next phase of growth. Leveraging its significant experience in the manufacturing industry, SSG canvassed a wide range of investors and attracted interest from multiple parties. It says the sale to Grimco was the best solution for NHP and its stakeholders. SSG’s industry knowledge and expertise in running complex sale processes in volatile markets enabled a smooth transition to a new owner and maximized value.
Grimco Inc. is a distributor of wholesale sign supplies and printing equipment with over 50 locations across North America. Grimco’s product offering consists of equipment, wide-format printing and laminating products, general and electrical sign supplies, and fully fabricated traffic signs.