Mill Point Acquires TrimTec Systems

Mill Point Acquires TrimTec Systems

Huntington Solutions, a foam products company and a portfolio company of Mill Point Capital, has acquired TrimTec Systems. Mill Point Capital acquired Huntington Solutions in September 2016.

TrimTec Systems is a manufacturer of engineered computer-cut expanded polystyrene fabrications and dunnage packaging (dunnage is inexpensive or waste material used to load and secure cargo during transportation). TrimTec does not manufacture any of its packaging material but rather converts material sourced from its network of national and international suppliers.

TrimTec’s converting capabilities include CNC waterjet cutting, CNC hot wire cutting, ultrasonic welding, hot melt application, thermo-sealing, flat die cutting, and product labeling. TrimTec was founded in 2001 by its president Jeff Wagner and is headquartered in Columbus, OH (

Huntington Solutions is a provider of custom-engineered shape-molded and fabricated foam made from expanded polystyrene (EPS), expanded polypropylene (EPP) and other resins. The company’s four production facilities – located in South Carolina, Michigan, and two in Mexico – specialize in the production and assembly of components utilized in protective packaging, energy absorbing safety materials and temperature controlled containers. Huntington Solutions is headquartered in Greer, SC (

“TrimTec is a great addition to the Huntington organization and will allow us to quickly expand the range of product offerings to our existing customer base while also further expanding our geographic reach in the Midwest market,” said Ed Flynn, President of Huntington Solutions. “We are excited to welcome Jeff Wagner and his team to the Huntington organization and look forward to supporting their continued growth and expansion.”

“The TrimTec acquisition represents an important step in the evolution of Huntington Solutions,” said Scott Martin, Executive Chairman of Huntington Solutions. “TrimTec’s value-added engineering and design capabilities are a strong fit for the Huntington organization and further reinforce why leading OEMs rely on Huntington Solutions.”

Mill Point makes control-oriented investments of $15 million to $80 million in middle-market companies that have enterprise values of $50 million to $250 million. Sectors of interest include business services and industrial. Mill Point is based in New York (

© 2018 Private Equity Professional | February 20, 2018

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