AmerCareRoyal Acquires Thermosource Tooling and Manufacturing

AmerCareRoyal (“ACR”), a leading supplier of disposable foodservice supplies backed by HCI Equity Partners (“HCI”), announced today the acquisition of Thermosource Tooling and Manufacturing (“TTM”). TTM is ACR’s ninth add-on acquisition since HCI’s initial investment. HCI is a leading lower middle market private equity firm that focuses on partnering with founder-owned distribution, manufacturing and B2B service companies. Financial terms of the transaction were not disclosed.

TTM, established in 2004 and headquartered in El Segundo, California, supplies thermoformed and flexible packaging solutions for foodservice, food production, and grocery applications. The acquisition of TTM offers ACR complementary product and customer segments, while expanding its capabilities in branded and customized packaging solutions, a domain where TTM excels. This combination will expand the product offering and value proposition to both TTM’s and ACR’s customers.

"TTM’s exceptional design and engineering capabilities, particularly in unique packaging formats, complement our existing product lines and capabilities, allowing us to provide a more comprehensive offering to our combined customer base,” said Scott Milberg, CEO of AmerCareRoyal. “Bringing TTM under the AmerCareRoyal umbrella presents significant cross-selling opportunities, especially in segments where we have been seeking to expand, while also growing the product offering available to TTM’s customers.