Total Plastics Inc.

Total Plastics Inc. , based in the US, is a distributor specializing in application-specific plastic materials for various industries, providing tailored solutions and precision fabrication services. Founded in 1978 and headquartered in Kalamazoo, US, Total Plastics Inc. operates as a distributor of plastic materials.

The company has executed a total of 2 deals, with the most recent deal occurring on December 18, 2020. It raised USD 55. 00 mn in a BUYOUT round led by Prophet Equity, marking the total amount raised by the company to USD 55. 00 mn.

Total Plastics operates as a prominent distributor of a wide range of plastic materials, specializing in application-specific products tailored for various industries. The company's core offerings include UV-stable acrylic/plexiglass sheets, Lexan® polycarbonate panels, and engineered plastic rods, tubes, and films. These products are designed to serve critical functions across diverse sectors, from aerospace and automotive to medical and marine applications. The company provides precision CNC machining and custom fabrication services, ensuring that products meet stringent specifications for quality and performance.

Total Plastics distributes its products primarily throughout the Northeastern United States, catering to a diverse clientele that includes manufacturers, contractors, and end-users requiring high-performance plastic solutions. Total Plastics generates revenue through direct transactions with businesses in various industries, including aerospace, medical, construction, and manufacturing. The transactional structure typically involves B2B sales, where clients order plastic materials and fabrication services as needed. For instance, clients may place bulk orders for Lexan® polycarbonate sheets, which are processed and delivered promptly, often under customized specifications.

The company’s revenue model is supported by the sale of trademarked products, such as ACRYLITE® acrylics and King StarBoard® marine-grade HDPE, with pricing structures reflecting the specialized nature of these materials. This method of operation allows Total Plastics to establish strong relationships with its customer base while addressing unique demands across different sectors. Looking ahead, Total Plastics plans to introduce new products designed for enhanced performance in demanding applications, with anticipated launches in the next fiscal year. The company aims to expand its reach into new geographic regions, specifically targeting markets in the Midwest and Southeast by 2023.

The recent funding of USD 55. 00 mn will be allocated to support these growth initiatives, including product development and market penetration efforts. Additionally, the exit of Prophet Equity from its stake indicates a strategic shift in the company’s ownership structure, allowing Total Plastics to realign its focus towards achieving its expansion goals.