M&A Deal Summary

Foam Holdings Acquires Drew Foam

On November 15, 2021, Foam Holdings acquired packaging company Drew Foam from Wynnchurch Capital

Acquisition Highlights
  • This is Foam Holdings’ 4th transaction in the Packaging sector.
  • This is Foam Holdings’ 4th transaction in the United States.
  • This is Foam Holdings’ 1st transaction in Arkansas.

M&A Deal Summary
Date 2021-11-15
Target Drew Foam
Sector Packaging
Buyer(s) Foam Holdings
Sellers(s) Wynnchurch Capital
Deal Type Merger

Target

Drew Foam

Monticello, Arkansas, United States
Drew Foam is a provider of custom-fabricated expanded polystyrene foam ("EPS") products serving the packaging, building products, and consumer end-markets, primarily in the Southeastern United States. Drew Foam was founded in 1965 and is based in Monticello, Arkansas.

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Buyer(S) 1

Buyer

Foam Holdings

Nashville, Tennessee, United States
Category Company
Founded 2021
Sector Packaging
DESCRIPTION

Foam Holdings is a solutions provider of custom EPS, expanded polypropylene, and ARCEL products in the U.S. and Mexico. Foam Holdings provides shape and block molded materials for the packaging, appliance, building products, cold chain, automotive, consumer, and other general industrial end-markets. Foam Holdings was founded in 2021 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 4 of 7
Sector (Packaging) 4 of 4
Type (Merger) 3 of 3
State (Arkansas) 1 of 1
Country (United States) 4 of 6
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Huntington Solutions

Greer, South Carolina, United States

Huntington Solutions is a provider of custom-engineered shape-molded and fabricated foam made from expanded polystyrene (EPS), expanded polypropylene (EPP), and other advanced resins. Huntington Solutions was founded in 1992 and is based in Greer, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Amvic

Toronto, Ontario, Canada

Amvic is a manufacturer of expanded polystyrene (“EPS”) insulated concrete forms, radiant heat flooring and other construction and insulation products. Amvic was founded in 1997 and is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

Wynnchurch Capital

Rosemont, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 9.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wynnchurch Capital is a private equity firm focused on middle-market company investments in the US and Canada. Wynnchurch looks to commit $50 to $750 million of equity per platform. Sectors of interest include manufacturing, business services, logistics, energy and power services, and value-added distribution. Prospective transaction types include management buyouts, recapitalizations, corporate carve-outs, restructurings, turnarounds and growth capital situations. Wynnchurch Capital was formed in 1999 and is based in Rosemont, Illinois.

DEAL STATS #
Overall 27 of 33
Sector (Packaging) 2 of 2
Type (Merger) 4 of 4
State (Arkansas) 1 of 1
Country (United States) 22 of 28
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 ICA

Allentown, Pennsylvania, United States

ICA is a manufacturer of expanded polystyrene (“EPS”) foam products for applications including building insulation, infrastructure construction, packaging, cold chain, and other applications across the northeastern U.S. ICA was founded in 1981 and is based in Allentown, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 M2S Group

Appleton, Wisconsin, United States

M2S Group is a provider of specialty and high-performance coatings for label and film solutions as well as renewable, fiber-based consumer and industrial packaging solutions. M2S’s functional coating solutions are applied to a wide variety of flexible substrates, including products from an FDA-compliant facility. M2S Group was founded in 1907 and headquartered in Appleton, Wisconsin.

Buy -
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