M&A Deal Summary

Tekni-Plex Acquires Keyes Packaging Group

On September 23, 2021, Tekni-Plex acquired packaging company Keyes Packaging Group from Arbor Investments

Acquisition Highlights
  • This is Tekni-Plex’s 9th transaction in the Packaging sector.
  • This is Tekni-Plex’s 6th transaction in the United States.
  • This is Tekni-Plex’s 1st transaction in Washington.

M&A Deal Summary
Date 2021-09-23
Target Keyes Packaging Group
Sector Packaging
Buyer(s) Tekni-Plex
Sellers(s) Arbor Investments
Deal Type Add-on Acquisition

Target

Keyes Packaging Group

Wenatchee, Washington, United States
Keyes Packaging Group, Inc. is a manufacturer of specialty packaging focused on the fruit, egg and wine industries. Keyes Packaging Group was founded in 1903 and is based in Wenatchee, Washington.

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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 11 of 13
Sector (Packaging) 9 of 10
Type (Add-on Acquisition) 9 of 11
State (Washington) 1 of 2
Country (United States) 6 of 7
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 M-Industries

Ada, Michigan, United States

M-Industries is a provider of container vented lining technology that allows sealed packages to regulate internal pressure, thereby preventing container failure such as paneling, bloating, and leakage caused by e-commerce, active ingredients, rapid altitude, or temperature changes, and/or manufacturing methods. M-Industries was founded in 2011 and is based in Ada, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Johnson Plastic Group

Mexicali, Mexico

Johnson Plastic Group specializes in precision extrusions for medical device applications. Johnson Plastic provides complete extrusion solutions into a variety of medical device applications for interventional and therapeutic procedures. Johnson Plastic Group is based in Mexicali, Mexico.

Buy -

Seller(S) 1

SELLER

Arbor Investments

Chicago, Illinois, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Arbor Investments is a private equity group focused on acquiring profitable, middle-market companies in the food and beverage sector. Arbor considers all areas surrounding the food/beverage and related industries. Specific areas of interest include regional niche branded food products; vegetable, fruit, meat and dairy processors; ethnic food manufacturers and marketers; flavors and ingredients; baked goods; restaurant chains; co-packers for major retailers, foodservice companies; food packaging; grocery and specialty food retailers; and logistics providers to the food and beverage industries. Prospective companies generally lead their markets and are 'low-cost operators' with predictable cash-flows. Arbor Investments was formed in 1999 and has offices in Chicago, New York, and Atlanta.

DEAL STATS #
Overall 29 of 32
Sector (Packaging) 3 of 3
Type (Add-on Acquisition) 16 of 18
State (Washington) 2 of 2
Country (United States) 28 of 31
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Greco and Sons

Bartlett, Illinois, United States

Greco and Sons is an importer, manufacturer, and distributor of food and disposable products to the foodservice industry. Through a comprehensive offering of more than 15,000 products, including their proprietary Greco and Bellissimo brands, the Company is a one-stop-shop for customers within target segments. Greco and Sons was founded in 1990 and is based in Bartlett, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Bradshaw

Rancho Cucamonga, California, United States

Bradshaw is a designer, marketer, and category manager of high-quality kitchen tools and gadgets, bakeware, cookware, food storage, and home cleaning products to retailers across North America. The Company sells over 7,000 products under nationally recognized brands including: Good Cook, Casabella, Evercare, Mr. Clean, Clorox, and Dawn, in addition to supporting retailers’ private label programs. Bradshaw was formed in 1969 and is based in Rancho Cucamonga, California.

Buy -
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