A&R Logistics acquires Plantgistix
Following the acquisition of Plantgistix, A&R will be positioned as a provider of outsourced warehousing, packaging and export services dedicated to the plastic resin industry.
Wind Point Partners, Chicago, and portfolio company A&R Logistics, Louisville, Ky., acquired Plantgistix Holdings, a Houston, Texas-based provider of packaging, warehousing and full-scale export services dedicated to the plastic resin industry.
Following the acquisition of Plantgistix, A&R will be positioned as a provider of outsourced warehousing, packaging and export services dedicated to the plastic resin industry. Plantgistix complements A&R's East Coast strategy, immediately establishing a large and growing footprint near the Port of Houston. A&R will also stand as a logistics provider offering complete export solutions out of Houston, Charleston and Savannah. Following the transaction, Plantgistix's president, Sam 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," says Mark Holden, chief executive officer 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."
"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,” adds Konrad Salaber, managing director with Wind Point Partners. “This combination is very exciting for A&R, Plantgistix and all of our respective customers and employees."
"The entire Plantgistix team is thrilled about this transaction, and I look forward to merging our two teams,” says Diaz. “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."
Wind Point Partners acquired A&R in May, and then under Wind Point's ownership, acquired Blue Water Plastic Transport, St. Clair, Mich., in June.