M&A Deal Summary

Loews Acquires Altium Packaging

On April 11, 2017, Loews acquired packaging company Altium Packaging from Bain Capital Private Equity for 1.2B USD

Acquisition Highlights
  • This is Loews’ 1st transaction in the Packaging sector.
  • This is Loews’ largest (disclosed) transaction.
  • This is Loews’ 1st transaction in the United States.
  • This is Loews’ 1st transaction in Georgia.
Investment Fate
  • Altium Packaging was sold to a consortium of buyers in 2021.

M&A Deal Summary

Date 2017-04-11
Target Altium Packaging
Sector Packaging
Buyer(s) Loews
Sellers(s) Bain Capital Private Equity
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

Altium Packaging

Atlanta, Georgia, United States
Altium Packaging's headquarters in Atlanta, Georgia.
Altium Packaging's headquarters in Atlanta, Georgia.
Altium Packaging is a customer-centric packaging solutions provider and manufacturer. Altium specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, water, and beverage/juice segment. Altium Packaging is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Loews

New York, New York, United States

Category Company
Founded 1969
Sector Diversified
Employees12,280
Revenue 15.7B USD (2023)
DESCRIPTION

Loews is a diversified company with four subsidiaries, three of which are publicly-traded: CNA Financial Corporation (NYSE: CNA), Diamond Offshore Drilling, Inc. (NYSE: DO) and Boardwalk Pipeline Partners, LP (NYSE: BWP); and one of which is wholly owned: Loews Hotels & Resorts. Loews was founded in 1969 and is based in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-12 Altium Packaging

Atlanta, Georgia, United States

Altium Packaging is a customer-centric packaging solutions provider and manufacturer. Altium specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, water, and beverage/juice segment. Altium Packaging is based in Atlanta, Georgia.

Sell -

Seller(S) 1

SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 97 of 144
Sector (Packaging) 2 of 2
Type (Add-on Acquisition) 28 of 40
State (Georgia) 6 of 8
Country (United States) 61 of 85
Year (2017) 6 of 19
Size (of disclosed) 26 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-27 Diversey

Fort Mill, South Carolina, United States

Diversey is a hygiene and cleaning solutions company that integrates chemicals, floor care machines, tools, and equipment, with a wide range of technology-based value-added services, food safety services, and water and energy management. Diversey was incorporated in 1923 and is based in Fort Mill, South Carolina.

Buy $3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-30 Uniview

Hangzhou, China

Uniview is a provider of IP-based video surveillance solutions in China.

Sell -