M&A Deal Summary

Tekni-Plex Acquires Keyes Packaging Group

On September 23, 2021, Tekni-Plex acquired packaging company Keyes Packaging Group from Arbor Investments

Acquisition Highlights
  • This is Tekni-Plex’s 9th transaction in the Packaging sector.
  • This is Tekni-Plex’s 6th transaction in the United States.
  • This is Tekni-Plex’s 1st transaction in Washington.

M&A Deal Summary
Date 2021-09-23
Target Keyes Packaging Group
Sector Packaging
Buyer(s) Tekni-Plex
Sellers(s) Arbor Investments
Deal Type Add-on Acquisition

Target

Keyes Packaging Group

Wenatchee, Washington, United States
website
Keyes Packaging Group, Inc. is a manufacturer of specialty packaging focused on the fruit, egg and wine industries. Keyes Packaging Group was founded in 1903 and is based in Wenatchee, Washington.

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Buyer(S) 1

Buyer

Tekni-Plex

Wayne, Pennsylvania, United States

website

Category Company
Founded 1967
Sector Packaging
Revenue 655M USD (2012)
DESCRIPTION

Tekni-Plex is a globally-integrated company focused on developing and manufacturing innovative packaging materials, medical compounds and precision-crafted medical tubing solutions for some of the most well-known names in the medical, pharmaceutical, personal care, household and industrial, and food and beverage industries. Tekni-Plex was founded in 1967 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 11 of 13
Sector (Packaging) 9 of 10
Type (Add-on Acquisition) 9 of 11
State (Washington) 1 of 2
Country (United States) 6 of 7
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 M-Industries

Ada, Michigan, United States

M-Industries is a provider of container vented lining technology that allows sealed packages to regulate internal pressure, thereby preventing container failure such as paneling, bloating, and leakage caused by e-commerce, active ingredients, rapid altitude, or temperature changes, and/or manufacturing methods. M-Industries was founded in 2011 and is based in Ada, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Johnson Plastic Group

Mexicali, Mexico

Johnson Plastic Group specializes in precision extrusions for medical device applications. Johnson Plastic provides complete extrusion solutions into a variety of medical device applications for interventional and therapeutic procedures. Johnson Plastic Group is based in Mexicali, Mexico.

Buy -

Seller(S) 1

SELLER

Arbor Investments

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 3.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Arbor Investments is a private equity group focused on acquiring profitable, middle-market companies in the food and beverage sector. Arbor considers all areas surrounding the food/beverage and related industries. Specific areas of interest include regional niche branded food products; vegetable, fruit, meat and dairy processors; ethnic food manufacturers and marketers; flavors and ingredients; baked goods; restaurant chains; co-packers for major retailers, foodservice companies; food packaging; grocery and specialty food retailers; and logistics providers to the food and beverage industries. Prospective companies generally lead their markets and are 'low-cost operators' with predictable cash-flows. Arbor Investments was formed in 1999 and has offices in Chicago, New York, and Atlanta.

DEAL STATS #
Overall 29 of 32
Sector (Packaging) 3 of 3
Type (Add-on Acquisition) 16 of 18
State (Washington) 2 of 2
Country (United States) 28 of 31
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Greco and Sons

Bartlett, Illinois, United States

Greco and Sons is an importer, manufacturer, and distributor of food and disposable products to the foodservice industry. Through a comprehensive offering of more than 15,000 products, including their proprietary Greco and Bellissimo brands, the Company is a one-stop-shop for customers within target segments. Greco and Sons was founded in 1990 and is based in Bartlett, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Bradshaw

Rancho Cucamonga, California, United States

Bradshaw is a designer, marketer, and category manager of high-quality kitchen tools and gadgets, bakeware, cookware, food storage, and home cleaning products to retailers across North America. The Company sells over 7,000 products under nationally recognized brands including: Good Cook, Casabella, Evercare, Mr. Clean, Clorox, and Dawn, in addition to supporting retailers’ private label programs. Bradshaw was formed in 1969 and is based in Rancho Cucamonga, California.

Buy -
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