Minneapolis, MN – Spell Capital Partners announced the sale of Polar Plastics. Polar Plastics, a Spell Capital Partners Fund V portfolio company and headquartered in St. Paul, Minnesota, manufactures plastic film and low density polyethylene packaging products used to make plastic films and bags for packaging, logistics, home improvement, retail and other applications. Spell Capital acquired the business in 2018.
“We appreciate the opportunity we’ve had to work with the Polar management team and the role Spell has played as the business successfully transitioned from family ownership over the last several years,” said Bill Spell, Founder/President of Spell Capital.
For more information regarding this transaction, please contact Jim Rikkers, Senior Managing Director, at [email protected].