Arcane Capital Partners, a family office in Little Rock, has revealed it has acquired Prairie Grove-based Poly-Tech Plastic Molding Inc. (PolyTech), a leading plastics-injection molding and extrusion company serving customers nationwide.
Arcane is the parent company of Johnson Manufacturing Company and Bentonville Plastics, Inc. The acquisition of PolyTech increases production capabilities and capacity, grows the customer base and furthers the vision to build and efficiently operate a preeminent custom plastics-injection molding and extrusion company in the nation.
The strategic combination and addition of PolyTech’s 65,000-square-foot facility allows it to offer more services for existing customers. PolyTech and Johnson Manufacturing will continue to provide quality service to their customer bases and will remain located at their current facilities. Bentonville Plastics, Inc. will be integrated into the operations of Johnson Manufacturing in Harrison.
“We are pleased to have closed this transaction and start our integration process. Our Company has admired the work done at PolyTech, and we are thrilled to expand our production capabilities and capacities and continue to build a standard-setting plastics manufacturing company in North America,” Arcane CEO Michael Hickmon said. “As we navigate the changing trends within the industry — including being a leader in reshoring of American manufacturing, we recognize the expertise PolyTech brings to the table and we look forward to combining our strengths as one company.”
The combined companies serve some of the largest and most recognizable names across multiple industries, including HVAC, electronic & telecom, water treatment and filtration, consumer products, medical, industrial, military, agricultural, energy and automotive. The Company plans to leverage its combined capabilities and scale to expand services in these industries, as well as serve customers in new industries spanning consumer packaged goods and the food and beverage industry.