M&A Deal Summary

PaperWorks Industries Acquires Forest Resources

On July 2, 2015, PaperWorks Industries acquired packaging company Forest Resources from Atlas Holdings and GarMark Partners

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

M&A Deal Summary
Date 2015-07-02
Target Forest Resources
Sector Packaging
Buyer(s) PaperWorks Industries
Sellers(s) Atlas Holdings
GarMark Partners
Deal Type Add-on Acquisition

Target

Forest Resources

Hartford City, Illinois, United States
Forest Resources LLC is a holding company engaged in manufacturing industrial packaging products, including recycled corrugated medium, kraft, crepe and specialty packaging papers as well as corrugated boxes.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

PaperWorks Industries

Fort Washington, Pennsylvania, United States
Category Company
Founded 2008
Sector Packaging
Employees1,700
Revenue 600M USD (2014)
DESCRIPTION

PaperWorks Industries is an integrated full-service provider of recycled paperboard and specialized folding cartons for packaging applications. PaperWorks was formed in 2008 and is based in Fort Washington, Pennsylvania.

DEAL STATS #
Overall 3 of 4
Sector (Packaging) 2 of 3
Type (Add-on Acquisition) 3 of 4
State (Illinois) 1 of 1
Country (United States) 2 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-17 Rosmar Litho

Baie-D'Urfe, Quebec, Canada

Rosmar Litho, Inc. is a provider of manufacturing and packaging solutions to customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-16 Manchester Industries

Richmond, Virginia, United States

Manchester Industries, Inc. is a provider of unparalleled service and solutions in paperboard sales, sheeting, and distribution. Manchester is a recycled paperboard mill offers various products.

Sell -

Seller(S) 2

SELLER

Atlas Holdings

Greenwich, Connecticut, United States
Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 4 of 12
Sector (Packaging) 1 of 3
Type (Add-on Acquisition) 2 of 5
State (Illinois) 1 of 2
Country (United States) 3 of 11
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-30 Merchants Metals

Atlanta, Georgia, United States

Merchants Metals manufactures chain link and ornamental steel fences and fittings at five manufacturing facilities in Houston, Texas; Statesville, North Carolina; Harrison, Arkansas; New Paris, Indiana; and Mexicali, CP, Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 Tecumseh Products

Ann Arbor, Michigan, United States

Tecumseh Products Co. is a global manufacturer of hermetically sealed compressors for residential and specialty air conditioning, household refrigerators and freezers and commercial refrigeration applications.

Buy $123M
SELLER

GarMark Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GarMark Partners is a private investment firm that makes debt and equity investments in a wide range of companies. The Firm invests in businesses at various stages of development to facilitate acquisitions, divestitures, recapitalizations, turnarounds or growth. Garmark typically invests between $5 and $30 million with an EBITDA $3 and $25 million. The firm prefers to invest in the sectors of manufacturing/industrial products, distribution, business services, consumer brands, food/nutrition products, transportation, healthcare, retail, and restaurants. GarMark Partners was formed in 1997 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 17 of 21
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 11 of 14
State (Illinois) 3 of 3
Country (United States) 15 of 19
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-11 Baja Fresh

Irvine, California, United States

Baja Fresh is a chain of fast-casual Tex Mex restaurants. Baja Fresh was formed in 1990 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 KODA Distribution Group

Stamford, Connecticut, United States

KODA Distribution Group LLC is a distributor of specialty chemicals through its Monson, GMZ and Ribelin operating units.

Sell -
Mergr

Product

Company

Legal