M&A Deal Summary

Boise Acquires Tharco Packaging

On February 22, 2011, Boise acquired packaging company Tharco Packaging from Parallel49 Equity for 200M USD

Acquisition Highlights
  • This is Boise’s 1st transaction in the Packaging sector.
  • This is Boise’s largest (disclosed) transaction.
  • This is Boise’s 1st transaction in the United States.
  • This is Boise’s 1st transaction in California.

M&A Deal Summary

Date 2011-02-22
Target Tharco Packaging
Sector Packaging
Buyer(s) Boise
Sellers(s) Parallel49 Equity
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

Tharco Packaging

San Lorenzo, California, United States
Tharco Packaging, Inc. is a manufacturer and distributor of packaging solutions with an extensive offering of products and services, including a broad range of stock products and customized packaging solutions such as a stock box program with over 1,600 SKUs of standard size boxes for same-day pick-up or next-day delivery; customized packaging such as traditional and plastic corrugated, foam packaging, and anti-static products; combined corrugated and foam packaging for superior product protection; and an experienced staff of packaging designers with expertise in graphic, structural, and cushion packaging engineering.

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Buyer(S) 1

Buyer

Boise

Boise, Idaho, United States

Category Company
Founded 2007
Sector Forest Products
Revenue 459M USD (2013)
DESCRIPTION

Boise, manufactures a wide variety of packaging and paper products. Boise's range of packaging products includes linerboard and corrugating medium, corrugated containers and sheets, and protective packaging products. Boise's paper products include imaging papers for the office and home, printing and converting papers, and papers used in packaging, such as label and release papers.


DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Parallel49 Equity

Vancouver, British Columbia, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Parallel49 Equity is a private equity firm that invests in mid-sized companies in Canada and the US. The Firm concentrates its investment efforts in the Western and Mid-western regions of both countries. Target businesses generally have enterprise values of $25 to $150 million and are profitable with $5 to $30 million of EBITDA. Parallel49 pursues acquisitions of public or private companies, management-led buyouts, recapitalizations and sales of subsidiaries of larger companies. Broad areas of interest include manufacturing, service, and distribution. Parallel49 will not invest in start-ups, new technologies, turnarounds or companies active in real estate development, gaming, restaurant or primary resource sectors. Parallel49 was formerly known as Tricor Pacific Capital. The Firm has offices in Vancouver, British Columbia, and Chicago, Illinois.


DEAL STATS #
Overall 8 of 22
Sector (Packaging) 2 of 3
Type (Add-on Acquisition) 3 of 9
State (California) 1 of 2
Country (United States) 1 of 11
Year (2011) 1 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 BFG Supply

Burton, Ohio, United States

BFG Supply distributes a full line of professional horticulture and lawn & garden products including containers, growing media, chemicals, fertilizer, seed, and greenhouse equipment. BFG leverages technology to efficiently serve its customers with industry-leading product selection and service levels. BFG Supply was founded in 1972 and is based in Burton, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 MedTorque

Elmhurst, Illinois, United States

MedTorque is a designer, manufacturer, and marketer of customized, highly-engineered component parts and instruments that require the highest levels of tolerance for the medical and industrial OEM’s. MedTorque was established in 2011 and is based in Elmhurst, Illinois.

Buy -