The Firmament Group, a provider of tailored debt and equity capital solutions to small- and medium-sized enterprises, invested in Polyethylene Containers (PCI).
PCI is a manufacturer of rigid containers for the automotive, agricultural, environmental services, food grade, construction, retail and industrial end markets. The company employs precision molding processes to construct plastic pails and drums using recyclable high-density polyethylene resin.
Firmament provided debt financing to support PCI’s expansion, including the recent acquisition of Rehrig Pacific’s pail portfolio and the opening of a new 246,000-square-foot production facility in El Dorado, AR.
“We are excited to work with Firmament on our business financing,” Walter Tyson, CEO of PCI, said. “Their size and flexibility allow them the capability to move quickly in today’s economic environment. They have been easy to work with and continue to be a great partner. We look forward to continue to work with them to support our future growth.”
“We are thrilled to partner with Polyethylene Containers, a South Arkansas-based company with an outstanding reputation for quality products and a rich history that has been cultivated over the past forty years,” Lauren Steel, principal at Firmament, said. “The company’s leading market position and strong customer relationships throughout the country reflect a long track record of innovation and excellent service. Supporting economic expansion and job creation in the Heartland is core to Firmament’s strategy, so we are extremely proud of this partnership with PCI.”
