Presco Polymers Acquires Pro-Line Safety Products
Chattanooga, TN, December 20, 2019
River Associates Investments (“River Associates”), a longstanding lower middle market private equity firm based in Chattanooga, TN, announced the acquisition of Pro-Line Safety Products (“Pro-Line”) by its Sherman, TX based portfolio company Presco Polymers (“Presco”). The acquisition closed on December 19, 2019. Terms of the transaction are not being disclosed.
Pro-Line is a manufacturer and distributor of utility marking products, including tracer wire, marking posts, stake flags and detectable and non-detectable marking tapes. Pro-Line will retain their current name and product lines and continue to operate in West Chicago, Illinois.
“We are thrilled to be partnering with Darrell Holmes and the rest of the great team at Pro-Line,” said Joe Hardt, CEO of Presco. “By joining these two great companies, we are able to offer the most comprehensive set of safety marking products for the utility contracting industry.”
Pro-Line President Darrell Holmes adds, “The Pro-Line team and myself are extremely excited to join forces with Joe Hardt and the Presco team. Together, we envision being the world leader in utility marking and safety products. This unified front allows us to offer the most extensive line of safety and damage prevention products that detect, locate, identify, and protect utility assets and the general public.”
Together the product offerings of Presco and Pro-Line will provide a complete customized solution for the underground utility industry. With the addition of a broad offering of underground tracer wire and customized detectable tape, Presco is positioned to become the only US company to offer a full range of customized outdoor marking products.
Formed in 1943, Presco manufactures Safety Marking Products and extruded Engineered PVC films in two dedicated manufacturing facilities in Sherman, TX. These facilities house three custom PVC compounding and extrusion lines and over forty custom stake flag and tape converting lines for Safety Marking Products. Pro-Line’s manufacturing facility in West Chicago, IL will reduce lead times and extend manufacturing capacities to include state of the art tracer wire production, flexographic printing, film laminating, and slitting that serve all utility infrastructure markets.
River Associates and the management team at Presco continue to seek complementary strategic acquisition partners for the company. Please contact Mark Jones for additional information.