M&A Deal Summary

Stone Canyon Industries Acquires Bway

On June 13, 2016, Stone Canyon Industries acquired packaging company Bway from Platinum Equity for 2.4B USD

Acquisition Highlights
  • This is Stone Canyon Industries’ 1st transaction in the Packaging sector.
  • This is Stone Canyon Industries’ largest (disclosed) transaction.
  • This is Stone Canyon Industries’ 4th transaction in the United States.
  • This is Stone Canyon Industries’ 1st transaction in Georgia.

M&A Deal Summary

Date 2016-06-13
Target Bway
Sector Packaging
Buyer(s) Stone Canyon Industries
Sellers(s) Platinum Equity
Deal Type Add-on Acquisition
Deal Value 2.4B USD

Target

Bway

Atlanta, Georgia, United States
website
Bway Corp. is a manufacturer and distributor of metal and rigid plastic containers that are used primarily for packaging of industrial and consumer products.

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Buyer(S) 1

Buyer

Stone Canyon Industries

Los Angeles, California, United States

website


Category Company
Sector Diversified
Revenue 3.5B USD (2017)
DESCRIPTION

Stone Canyon Industries is a global industrial holding company. Stone Canyon's family of companies are market leaders in mission-critical industries that improve lives around the world. The Company is headquartered in Los Angeles, California.


DEAL STATS #
Overall 4 of 6
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Georgia) 1 of 1
Country (United States) 4 of 5
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-22 A. Stucki

Moon Township, Pennsylvania, United States

A. Stucki Co. is a supplier of new and reconditioned railcar components selling to railcar OEMs, railroads, railcar leasing companies, and shippers that own railcars.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Fleischmann s Vinegar

Cerritos, California, United States

Fleischmann's Vinegar Co. Inc. is a USDA certified all-natural producer of specialty ingredients that further support Kerry’s taste and clean label strategies across a number of End Use Markets. It is headquartered in California and has manufacturing facilities in Washington, New York, Maryland, Illinois, Missouri, Alabama and California.

Sell $250M

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 46 of 77
Sector (Packaging) 2 of 6
Type (Add-on Acquisition) 26 of 39
State (Georgia) 3 of 5
Country (United States) 39 of 64
Year (2016) 3 of 4
Size (of disclosed) 1 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-08 MetoKote

Lima, Ohio, United States

MetoKote provides environmentally sound and cost-effective coating solutions including equipment, coating application, and related management and support services to a wide variety of industries such as agriculture, appliance, automotive, computer, construction equipment, electrical, furniture, industrial equipment, recreational, and truck and bus.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-16 Data Blue

Atlanta, Georgia, United States

Data Blue LLC delivers customized storage, backup and server virtualization and consolidated solutions to enterprise customers in North America. Data Blue was formed to redefine the Value Added Reseller space, offering both the customer and manufacturer something that’s a step above what is currently available in the marketplace. Data Blue delivers customized storage, backup and server virtualization and consolidation solutions to the Enterprise, with specific emphasis on Fortune 1000 companies. By utilizing our vast cross-platform integration expertise and unparalleled product knowledge, we deliver solutions that are perfectly tailored to meet the unique needs of your environment.

Buy -