M&A Deal Summary

Tekni-Plex Acquires Elm Packaging Company

On July 22, 2002, Tekni-Plex acquired packaging company Elm Packaging Company from CHS Capital and LaSalle Capital

Acquisition Highlights
  • This is Tekni-Plex’s 1st transaction in the Packaging sector.
  • This is Tekni-Plex’s 1st transaction in the United States.
  • This is Tekni-Plex’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2002-07-22
Target Elm Packaging Company
Sector Packaging
Buyer(s) Tekni-Plex
Sellers(s) CHS Capital
LaSalle Capital
Deal Type Add-on Acquisition

Target

Elm Packaging Company

Memphis, Tennessee, United States
Elm Packaging Company LP is a diversified manufacturer of packaging, products and materials for the healthcare, consumer, and food packaging industries.

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Buyer(S) 1

Buyer

Tekni-Plex

Wayne, Pennsylvania, United States
Category Company
Founded 1967
Sector Packaging
Revenue 655M USD (2012)
DESCRIPTION

Tekni-Plex is a globally-integrated company focused on developing and manufacturing innovative packaging materials, medical compounds and precision-crafted medical tubing solutions for some of the most well-known names in the medical, pharmaceutical, personal care, household and industrial, and food and beverage industries. Tekni-Plex was founded in 1967 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 1 of 13
Sector (Packaging) 1 of 10
Type (Add-on Acquisition) 1 of 11
State (Tennessee) 1 of 1
Country (United States) 1 of 7
Year (2002) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-11 Swan

Sandy Springs, Georgia, United States

Swan is a manufacturer of consumer and industrial watering hoses in North America. The company manufactures its hoses in the USA under the Swan, Waterworks, Element, and Scott’s/Miracle-Gro brands. Swan was founded in 1927 and is based in Marion, Ohio.

Sell -

Seller(S) 2

SELLER

CHS Capital

Chicago, Illinois, United States
Category Private Equity Firm
Founded 1988
PE ASSETS 2.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CHS Capital is a large private equity firm that targets US-based company investments in a variety of sectors. CHS will consider both control and non-control positions in businesses with proven management and strong growth potential. Broad sectors of interest include business services, consumer services, consumer products, distribution, industrial products and infrastructure. The Firm looks for businesses valued from $75 to $300 million. CHS will not invest in venture opportunities or turnaround situations. CHS was formed in 1988 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 46
Sector (Packaging) 1 of 4
Type (Add-on Acquisition) 3 of 9
State (Tennessee) 2 of 5
Country (United States) 4 of 46
Year (2002) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-19 Utiliserve

Denton, Texas, United States

Utiliserve, Inc. is a distributor of electrical power distribution equipment and supplies to utility companies throughout the south-central and mid-Atlantic United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-01 Precise Technology

North Versailles, Pennsylvania, United States

Precise Technology, Inc. is a full service injection molder of high quality, precision, thermoplastic packaging components and assemblies. The company is headquartered in Pittsburgh, Pennsylvania, has 13 injection molding and two mold-making facilities located throughout the eastern half of the United States as well as one injection molding facility in the Netherlands.

Buy -
SELLER

LaSalle Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 345M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LaSalle Capital Group is a private investment firm licensed as a SBIC. LaSalle looks to invest in lower middle-market Midwest-based businesses. LaSalle's areas of interest include consumer and industrial products, food processing, for-profit education, business services, packaging and healthcare. LaSalle will not invest in real estate, commodities, oil and gas, and businesses based on rapidly changing technology. Prospective companies typically have revenue between $20 and $100 million and EBITDA greater than $3 million. The Firm's investment horizon is five to seven years. LaSalle Capital Group was formed in 1984 and is based in Chicago, Illinois.

DEAL STATS #
Overall 9 of 31
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 2 of 8
State (Tennessee) 1 of 1
Country (United States) 7 of 29
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-21 Wm. Wright

West Warren, Massachusetts, United States

Wm. Wright Co., Inc. is a premier manufacturer and marketer of products for the retail home sewing, home decorating and crafts industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 PGE Park

Portland, Oregon, United States

Home to the Triple-A Baseball Portland (Oregon) Beavers, A-League Soccer Portland Timbers and Single-A Baseball Tri-City (WA) Dust Devils, as well as special events.

Sell -
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