M&A Deal Summary

Duravant Acquires ARPAC

On November 2, 2016, Duravant acquired packaging company ARPAC from Stonehenge Partners

Acquisition Highlights
  • This is Duravant’s 2nd transaction in the Packaging sector.
  • This is Duravant’s 2nd transaction in the United States.
  • This is Duravant’s 1st transaction in Illinois.

M&A Deal Summary
Date 2016-11-02
Target ARPAC
Sector Packaging
Buyer(s) Duravant
Sellers(s) Stonehenge Partners
Deal Type Add-on Acquisition

Target

ARPAC

Schiller Park, Illinois, United States
ARPAC LLC is a packaging machinery manufacturing and service organization. Arpac's product portfolio includes shrink wrappers, shrink bundlers, tray formers, case formers tray packers, case packers, shrink tunnels, palletizing, robotic palletizing, and pallet stretch wrapping. Arpac serves producers of foods, beverages, building supplies, automotive products, printed publications, health & beauty, material handling companies and a wide variety of industrial and consumer goods.

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Buyer(S) 1

Buyer

Duravant

Downers Grove, Illinois, United States
Category Company
Sector Machinery
DESCRIPTION

Duravant is a provider of highly engineered automation equipment and related aftermarket solutions for packaging, material handling, and food processing applications. Duravant designs and assembles mission-critical equipment, including form-fill-seal machines, robotic palletizers, conveyors, and thermal processors, primarily serving the food and beverage, e-commerce, distribution, and agriculture end-markets. Duravant is based in Downers Grove, Illinois.

DEAL STATS #
Overall 3 of 19
Sector (Packaging) 2 of 4
Type (Add-on Acquisition) 3 of 17
State (Illinois) 1 of 2
Country (United States) 2 of 10
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-18 Mespack SL

Barcelona, Spain

Mespack SL is an international manufacturer of flexible packaging solutions that engineers and builds high speed machinery for the consumer packaged goods companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 OHLSON Packaging

Taunton, Massachusetts, United States

OHLSON Packaging is a manufacturer of automatic food packaging lines. OHLSON Packaging offers a complete line of solutions for packaging products into bags, bottles, boxes, premade pouches, cups, containers, trays and MAP systems, specializing in the food industry. Ohlson Packaging was established in 1967 and is based in Taunton, Massachusetts.

Buy -

Seller(S) 1

SELLER

Stonehenge Partners

Columbus, Ohio, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stonehenge Partners is a private equity firm that seeks equity and mezzanine investments in lower middle-market companies with at least $10 million in sales. Stonehenge looks to invest ranging from $10 million to $50 million of equity/junior capital to support management buyouts, leveraged acquisitions, recapitalizations, and growth capital financings. Stonehenge prefers businesses operating in manufacturing, distribution, business services and healthcare. Stonehenge avoids investing in real estate, oil and gas, high technology and 'industries that are susceptible to a high degree of cyclicality'. Stonehenge was formed in 1999 and is based in Columbus, Ohio.

DEAL STATS #
Overall 30 of 38
Sector (Packaging) 3 of 3
Type (Add-on Acquisition) 10 of 17
State (Illinois) 3 of 5
Country (United States) 29 of 37
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 Biotronic NeuroNetwork

Ann Arbor, Michigan, United States

Biotronic NeuroNetwork LLC is a patient centric healthcare organization that provides intraoperative neurophysiological monitoring services to surgeons and healthcare facilities across the U.S.

Sell $98M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 Clad Rex

Franklin Park, Illinois, United States

Clad Rex is a supplier of vinyl-coated and prepainted steel and aluminum coils, sheets & blanks. Our finishes enhance the beauty, durability, functionality, and value of our customers' products. Clad Rex was founded in 1961 and is based in Franklin Park, Illinois.

Sell -
Mergr

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