Naples firm's buying spree continues with Pennsylvania manufacturer

The acquisitions keep on coming for the Hoffmann Family of Cos. The latest deal the company made is to buy Viking Plastics, a Pennsylvania manufacturer founded in 1972.

Terms of the deal weren’t disclosed. 

Corry, Pennsylvania-based Viking, according to a statement, specializes in proprietary and custom injection molded parts and assemblies for applications across the automotive, HVAC and general industrial markets. The company, from its headquarters outside Erie, operates over 50 injection molding machines and multiple automated assembly cells across its U.S. manufacturing facilities in Kentucky, Indiana and Pennsylvania. Its clientele includes Ford, General Motors, Rheem, Saft and more, with customers spread from North America to Central Europe to the Far East.

"Viking Plastics has laid the groundwork essential for expansion, supported by its robust team, advanced manufacturing capabilities and distinctive commitment to culture. We are excited to enhance our investment in the U.S. manufacturing sector with such a transformative organization,” HF Companies co-CEO Geoff Hoffmann says in the statement. 

"We are excited to join HF Companies,” adds Viking Plastics President and CEO Kelly Goodsel ibn the release. "This acquisition positions us for the next phase of our growth, and we eagerly anticipate both continued success and strengthening relationships with our exceptional clients."

HF Companies is a multi-vertical, family-owned private equity firm consisting of over 100 global brands, and employs 11,000 employees with businesses in 30 countries and 400 locations worldwide. Recent deals include buying an Illinois dairy out of bankruptcy, a Michigan cruise company and an Aspen, Colorado luxury transportation company. It has made at least four additional acquisitions in 2024.