DAILY NEWS Nov 1, 2012 12:40 PM - 0 comments

Bag maker Hilex bought by Wind Point Partners

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2012-11-01

Hilex Poly Co LLC, described as the largest plastic bag manufacturer in North America, has been acquired by Chicago-based private equity firm Wind Point Partners.

The terms of the deal have not been disclosed.

Headquartered in Hartsville, S.C., Hilex makes a variety of bags and films for grocery, retail and good service operations, including bags with post-consumer recycled resin.

“Hilex is a clear market leader with a strong management team, high quality products and excellent customer service,” said Michael Nelson, a managing director at Wind Point. “[We have] developed a clear value creation plan to accelerate growth by introducing new products and completing complementary acquistions.”

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