M&A Deal Summary

ProAmpac Acquires Gateway Packaging

On May 1, 2018, ProAmpac acquired packaging company Gateway Packaging from Saw Mill Capital

Acquisition Highlights
  • This is ProAmpac’s 10th transaction in the Packaging sector.
  • This is ProAmpac’s 10th transaction in the United States.
  • This is ProAmpac’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2018-05-01
Target Gateway Packaging
Sector Packaging
Buyer(s) ProAmpac
Sellers(s) Saw Mill Capital
Deal Type Add-on Acquisition

Target

Gateway Packaging

Granite City, Illinois, United States
Gateway Packaging Company LLC is a flexible packaging converter and provider of flexible packaging solutions. The Company designs and manufactures multi-wall paper and plastic bags, pouches, roll stock, lidding, and labels primarily for the pet food and human food markets. Gateway Packaging was founded in 1982 and is based in Granite City, Illinois.

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Buyer(S) 1

Buyer

ProAmpac

Cincinnati, Ohio, United States

Category Company
Founded 2015
Sector Packaging
Employees2,400
DESCRIPTION

ProAmpac is a flexible packaging company with a comprehensive product offering. ProAmpac’s approach to sustainability – ProActive Sustainability provides innovative sustainable flexible packaging products to help our customers achieve their sustainability goals. ProAmpac was founded in 2015 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 10 of 27
Sector (Packaging) 10 of 26
Type (Add-on Acquisition) 7 of 22
State (Illinois) 2 of 3
Country (United States) 10 of 15
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-09 Pactech Packaging

Rochester, New York, United States

Pactech Packaging LLC is a manufacturer specializing in pouch converting. Started in 1993, the company has expertise in pouch fitment and dispensing technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Dyne-a-pak

Laval, Quebec, Canada

Dyne-a-pak specializes in the manufacturing of paper bags, plastic bags, can liners, and foam packaging trays. The company is a leading supplier to a substantial portion of North American supermarket chains, retailers, quick-service restaurants, and wholesale distribution companies. Dyne-a-pak is based in Laval, Quebec.

Buy -

Seller(S) 1

SELLER

Saw Mill Capital

Briarcliff Manor, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 610M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Saw Mill Capital is a private equity firm focused on middle-market company acquisitions valued up to $200 million. Saw Mill prefers businesses with defensible market positions, solid growth prospects, and historical cash-flow. Sectors of interest include manufacturing, specialty distribution, and service. Saw Mill looks to commit between $15 and $75 million per transaction in companies with at least $3 million of EBITDA. Saw Mill will not invest in retail, healthcare services, media/telecom, information technology, financial services, personnel based services, apparel or businesses driven by fad or fashion. Saw Mill Capital was formed in 1997 and is based in Briarcliff Manor, New York.


DEAL STATS #
Overall 10 of 15
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Illinois) 1 of 1
Country (United States) 9 of 14
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-17 Janus International

Temple, Georgia, United States

Janus International is a global turnkey supplier of premium doors, hallway systems, locks, interior solutions, and ancillary technologies to the self-storage, commercial construction, and other industrial sectors. Janus International was founded in 2002 and is based in Temple, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Let’s Pave

Oak Brook, Illinois, United States

Let’s Pave is a provider of outsourced parking lot maintenance and repair services to multi-location property owners through a network of preferred, local paving partners. Let’s Pave was established in 2015 and is based in Oak Brook, Illinois.

Buy -