M&A Deal Summary

Hoffmaster Group Acquires Aardvark Straws

On August 6, 2018, Hoffmaster Group acquired consumer products company Aardvark Straws from Precision Products Group

Acquisition Highlights
  • This is Hoffmaster Group’s 3rd transaction in the Consumer Products sector.
  • This is Hoffmaster Group’s 4th transaction in the United States.
  • This is Hoffmaster Group’s 1st transaction in Indiana.

M&A Deal Summary
Date 2018-08-06
Target Aardvark Straws
Sector Consumer Products
Buyer(s) Hoffmaster Group
Sellers(s) Precision Products Group
Deal Type Divestiture

Target

Aardvark Straws

Fort Wayne, Indiana, United States
Aardvark Straws is manufacture of printed paper and white straws which are compostable and biodegradable. Aardvark Straws is based in Fort Wayne, Indiana.

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Buyer(S) 1

Buyer

Hoffmaster Group

Oshkosh, Wisconsin, United States
Category Company
Founded 1947
Sector Consumer Products
DESCRIPTION

Hoffmaster Group is a designer, manufacturer and supplier of decorated, premium disposable tableware (including napkins, plates, tablecovers and placemats) sold to major consumer retail and foodservice customers. The Company is highly regarded for its design and manufacturing capabilities, providing the Company with unique growth opportunities as retailers expand their seasonal and party/life celebration planograms, and as national restaurant and hospitality chains increasingly realize the branding and cost-in-use benefits of premium disposable tableware products. Hoffmaster Group was founded in 1947 and is based in Oshkosh, Wisconsin.

DEAL STATS #
Overall 4 of 5
Sector (Consumer Products) 3 of 3
Type (Divestiture) 2 of 2
State (Indiana) 1 of 1
Country (United States) 4 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-10 Graphic Management Specialty Products

Oconto, Wisconsin, United States

Graphic Management Specialty Products is a provider of tabletop products to the healthcare and food service.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-27 Paterson Paper

Sparks, Nevada, United States

Paterson Paper is a producer of foodservice paper and parchment products. Paterson Paper's products include printed and plain napkins, placemats, coasters, roll stock, baking cups and baking sheets. Paterson Paper was founded in 1923 and is based in Sparks, Nevada.

Buy -

Seller(S) 1

SELLER

Precision Products Group

College Park, Maryland, United States
Category Company
Founded 1980
Sector Manufacturing
DESCRIPTION

Precision Products Group with operations in the U.S and China is the parent company of Paramount Tube (Paramount) and Euclid Medical Products (Euclid). PPG is a manufacturer of precision tube and spring products for automotive, electrical insulation, medical and pharmaceutical, specialty packaging, and many other industrial and consumer products. Precision Products Group was founded in 1980 and is based in College Park, Maryland.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 Breyden Products

Columbia City, Indiana, United States

Breyden Products is a manufacture of a complete line of military specification lacing tapes, twines and cords. We also produce a variety of commercial grade lacing and tying materials along with a broad range of sleevings and braiding yarns utilized in the aircraft/aerospace and wire harnessing industries.

Buy -
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