M&A Deal Summary

PPC Flexible Packaging Acquires Packaging Products

On June 5, 2017, PPC Flexible Packaging acquired packaging company Packaging Products from Plaza Belmont Management Group, C3 Capital and Jefferson Capital Partners

Acquisition Highlights
  • This is PPC Flexible Packaging’s 1st transaction in the Packaging sector.
  • This is PPC Flexible Packaging’s 1st transaction in the United States.
  • This is PPC Flexible Packaging’s 1st transaction in Kansas.

M&A Deal Summary
Date 2017-06-05
Target Packaging Products
Sector Packaging
Buyer(s) PPC Flexible Packaging
Sellers(s) Plaza Belmont Management Group
C3 Capital
Jefferson Capital Partners
Deal Type Add-on Acquisition

Target

Packaging Products

Mission, Kansas, United States
website
Packaging Products Corp. LLC is a manufacturer of flexible films, bags and pouches primarily used for food packaging. Founded in 1968, PPC strives to provide the highest quality products with best-in-class lead times.

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Buyer(S) 1

Buyer

PPC Flexible Packaging

Buffalo Grove, Illinois, United States

website

Category Company
Founded 1968
Sector Packaging
DESCRIPTION

PPC Flexible Packaging is a provider of converted flexible packaging for the healthcare, medical, organic snack, pet food, bakery and produces markets. The company excels in the design and manufacture of value-added printed, laminated and stand up pouch packaging for the most demanding applications. Recognized for its focus on exceptional speed to market, it excels in delivering service, quality, and technology to its valued customer base. PPC Flexible Packaging was founded in 1968 and is based in Buffalo Grove, Illinois.

DEAL STATS #
Overall 1 of 5
Sector (Packaging) 1 of 5
Type (Add-on Acquisition) 1 of 5
State (Kansas) 1 of 1
Country (United States) 1 of 4
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 Temkin International

Payson, Utah, United States

Temkin International, Inc. provided customers with superior packaging products by focusing on the core principles of service, value, and distinction. It is a recognized provider of roll stock, stand-up pouches and floral sleeves and operates state-of-the-art manufacturing facilities in Payson, UT, and Bogota, Colombia with offices in Miami, FL and Toronto, Canada. Offering in-house graphics and plate making capability, the company is known for speed to market in key target segments including food, fresh produce, floral and stationary and craft. Temkin International, founded in 1980 and headquartered in Payson, Utah.

Buy -

Seller(S) 3

SELLER

Plaza Belmont Management Group

website

Category Private Equity Firm
Founded 1998
PE ASSETS 54M USD
Size Small
Type Sector Focused
DESCRIPTION

Plaza Belmont Management Group is a private equity investor focused on the food industry. The Firm targets companies that manufacture unique or value added food ingredients or products distributed through the retail grocery or food service channels or companies that co-manufacture products for major food companies. Plaza Belmont Management Group was formed in 1998 and is based in Shawnee Mission, Kansas.

DEAL STATS #
Overall 7 of 8
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (Kansas) 3 of 3
Country (United States) 7 of 8
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-07 Renwood Mills

Newton, North Carolina, United States

Renwood Mills LLC sells flour and other baking products in the Southeastern United States for use in food service, food production, and in retail channels under the Southern Biscuit® and Tenda-Bake® brands. Renwood Mills was founded in 1935 and is based in Newton, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-17 Labriola Baking

Alsip, Illinois, United States

Labriola Baking Co. is a manufacturer of fresh and frozen artisan breads. Labriola Baking Co. was established in 1993 and is based in Alsip, Illinois.

Sell -
SELLER

C3 Capital

Kansas City, Missouri, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 1994
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

C3 Capital is a private investment firm that provides capital for later-stage growth, strategic acquisitions, ownership transitions, and recapitalizations. The Firm typically invests in the form of subordinated debt or preferred equity and can commit between $3 and $15 million in businesses with at least $2 million of EBITDA. Target sectors include chemicals, plastics, energy, business services, distribution, and high value-added manufacturing. C3 does not seek a controlling interest when pursuing investments. C3 will not invest in real estate, oil/gas exploration, or financial institutions. C3 Capital is based in Kansas City, Missouri.

DEAL STATS #
Overall 15 of 24
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 5 of 10
State (Kansas) 3 of 4
Country (United States) 15 of 24
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-14 KBP Foods

Overland Park, Kansas, United States

KBP Foods operates quick service restaurants as a franchisee under the YUM! Brands umbrella, primarily within the KFC and Taco Bell concepts. KBP Foods was founded in 1999 and is based in Overland Park, Kansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-18 Grunt Style

San Antonio, Texas, United States

Grunt Style designs manufacture and market apparel and accessories that are edgy, patriotic, and motivational themes. With nearly 400 US Veterans and Patriots, Grunt Style's mission is to deliver the highest quality, most Patriotic apparel on the planet, straight to your front door. Grunt Style was founded in 2009 and is based in San Antonio, Texas.

Buy -
SELLER

Jefferson Capital Partners

Mandeville, Louisiana, United States

Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Jefferson Capital Partners II, L.P is a small, private investment firm focused on investing in companies operating in the Southeast and Midwest United States. Jefferson has a particular interest in transactions involving growth and expansion, acquisitions, management buyouts, and recapitalizations. Jefferson typically invests between $2 and $4 million of equity per transaction in companies with at least $10 million of revenue. However, larger transactions are possible through co-investment opportunities with the company's private equity partners. Industries of interest include manufacturing, industrial products, services, consumer products, distribution/wholesale, healthcare products and equipment, and applied technology. Jefferson Capital is based in Metairie, Louisiana.

DEAL STATS #
Overall 4 of 5
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Kansas) 1 of 1
Country (United States) 4 of 5
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-08 CSA Group

New York, New York, United States

CSA Group, Inc. is involved in providing full-service project delivery and program management. CSA Group was founded in 1956 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-10 Vology

Clearwater, Florida, United States

Vology is a high-growth strategic solutions provider with the capabilities to handle full Information technology needs from managed services to field services and product solutions. Vology was founded in 1996 and is based in Clearwater, Florida.

Sell -
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