M&A Deal Summary

Convergence Packaging Acquires Scandia Plastics

On March 5, 2014, Convergence Packaging acquired plastics company Scandia Plastics from Graham Partners

Acquisition Highlights
  • This is Convergence Packaging’s 1st transaction in the Plastics sector.
  • This is Convergence Packaging’s 1st transaction in the United States.
  • This is Convergence Packaging’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2014-03-05
Target Scandia Plastics
Sector Plastics
Buyer(s) Convergence Packaging
Sellers(s) Graham Partners
Deal Type Add-on Acquisition

Target

Scandia Plastics

Sheboygan, Wisconsin, United States
Scandia Plastics is a custom designer and manufacturer of blow molded bottles, containers, and light industrial parts. Scandia’s products are sold into a variety of end markets, including medical diagnostics, healthcare, household, and industrial chemicals. With high-quality engineering and technical capabilities, Scandia is a complete resource for custom design and production from prototype to finished product. Scandia Plastics is based in Sheboygan, Wisconsin.

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Buyer(S) 1

Buyer

Convergence Packaging

United States

Category Company
Sector Plastics
DESCRIPTION

Convergence Packaging is a plastic packaging platform that serves the health and nutrition, medical diagnostics, food packaging, household and light industrial markets.


DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

Graham Partners

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graham Partners is a private equity that targets middle market industrial and manufacturing companies. The Firm seeks to invest in businesses based in the US and also consider investments in Canada and Western Europe. Graham Partners focuses on strong growth potential companies with high return on invested capital, led by experienced management teams in revenues between $30 - $500 million and EBITDA between $10 million and $50 million. The firm typically invests between $10 million and $100 million in equity and the balance via debt and can invest higher than $100 million through co-investments. Broad areas of interest include building products, water management, medical products, consumer products, packaged food & beverage, packaging, aerospace/defense, agriculture, capital equipment, energy related products, home and outdoor, sports and leisure, and transportation services. Prospective transaction types include MBOs, recapitalization and growth capital financing. Graham Partners is an affiliate of The Graham Group was formed in 1988 and is based in Newton Square, Pennsylvania.


DEAL STATS #
Overall 12 of 37
Sector (Plastics) 3 of 6
Type (Add-on Acquisition) 4 of 14
State (Wisconsin) 1 of 1
Country (United States) 10 of 34
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-23 Comar

Voorhees, New Jersey, United States

Comar is a designer and manufacturer of rigid plastic solutions, serving the Medical, Pharmaceutical, Consumer Healthcare, Personal & Home Care, Food & Beverage, and other niche markets. We have a longstanding reputation for developing creative, industry-compliant packaging and dispensing solutions for customers who count on us for quality driven engineering and manufacturing. Comar was founded in 1949 and is based in Voorhees, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Creative Mines

Carlsbad, California, United States

Creative Mines is a masonry veneer company offering specialized crafted masonry products, including natural thin cut stone veneer from domestic quarries and manufactured stone veneer. Creative Mines was founded in 2011 and is based in Carlsbad, California.

Buy -