M&A Deal Summary

Centre Lane Partners Acquires LLFLEX

On January 31, 2012, private equity firm Centre Lane Partners acquired packaging company LLFLEX from Reynolds Packaging Group

Acquisition Highlights
  • This is Centre Lane Partners’ 1st transaction in the Packaging sector.
  • This is Centre Lane Partners’ 2nd transaction in the United States.
  • This is Centre Lane Partners’ 1st transaction in Kentucky.

M&A Deal Summary

Date 2012-01-31
Target LLFLEX
Sector Packaging
Buyer(s) Centre Lane Partners
Sellers(s) Reynolds Packaging Group
Deal Type Divestiture

Target

LLFLEX

Louisville, Kentucky, United States
LLFLEX is a supplier of laminated metal, paper, and film products offering industry-leading quality and global reach. LLFLEX was founded in 1955 and is based in Louisville, Kentucky.

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Buyer(S) 1

DESCRIPTION

Centre Lane Partners is a private investment firm focused on making credit and equity, control and non-control, investments in North American middle-market companies. Centre Lane targets companies with revenues between $20 and $500 million that have leading market positions and sustainable competitive advantages in their respective niches. The Firm does not have any sector preferences and seeks to invest $5 to $250 million per transaction. Centre Lane Partners was formed in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 2 of 17
Sector: Packaging M&A 1 of 1
Type: Divestiture M&A Deals 1 of 4
State: Kentucky M&A 1 of 1
Country: United States M&A 2 of 15
Year: 2012 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-16 Merit Distribution

Spartanburg, South Carolina, United States

Merit Distribution is a full-line distributor of painting and flooring installation sundries. Merit, through its Lancaster and E.J. Welch brands, provides just-in-time delivery to retailers and installers of sundries, tools, and products used for painting and flooring installation. Merit Distribution was founded in 1953 and is based in Spartanburg, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-11 Erickson

Portland, Oregon, United States

Erickson is a provider of aviation services to a wide variety of commercial and government customers. Through a diverse fleet of aircraft, Erickson supports its customers across a broad range of aerial services. Erickson was founded in 1971 and is based in Portland, Oregon.

Sell -

Seller(S) 1

SELLER

Reynolds Packaging Group

Richmond, Vermont, United States

Category Company
Sector Packaging
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector: Packaging M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Kentucky M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1