Special Situations/Distressed • Packaging

Wayzata Investment Partners Acquires Anchor Glass

On April 1, 2006, private equity firm Wayzata Investment Partners acquired packaging company Anchor Glass

Acquisition Context

This is Wayzata Investment Partners’ 1st transaction in the Packaging sector.
This is Wayzata Investment Partners’ 2nd transaction in the United States.
This is Wayzata Investment Partners’ 1st transaction in Florida.

Investment Fate

Anchor Glass was sold to a publicly-traded strategic buyer in 2012 for 880M USD.
Anchor Glass was divested to a consortium of buyers in 2014.
Anchor Glass was sold to a consortium of financial buyers in 2016.

Explore All 6 Special Situations/Distressed Packaging Deals - Search the Database Free

M&A Deal Summary
Date	April 1, 2006
Target	Anchor Glass
Sector	Packaging
Buyer(s)	Wayzata Investment Partners
Deal Type	Special Situations/Distressed

Target Company

Anchor Glass

Tampa, Florida, United States

Anchor Glass is a provider of glass packaging in the United States, focusing on the growing, premium specialty segment of the market. Anchor has long-standing relationships with blue chip companies across the beer, liquor, food, beverage, ready-to-drink and consumer end-market. Anchor Glass was founded in 1983 and is based in Tampa, Florida.

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Buyer Overview 1

Buyer

Wayzata Investment Partners

Plymouth, Minnesota, United States

Investor

Category	Private Equity Firm
Founded	2004
Size	Small
Type	Sector Agnostic

DESCRIPTION

Wayzata Investment Partners is a private equity group focused on acquiring controlling interests in companies through distressed debt investing. The Firm targets companies valued between $100 million and $1 billion. Wayzata was formed in 2004 and is based in Wayzata, Minnesota.

Deal Context for Buyer	#
Overall	2 of 26
Sector: Packaging	1 of 4
Type: Special Situations/Distressed	1 of 22
State: Florida	1 of 3
Country: United States	2 of 24
Year: 2006	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2004-07-07	The Ames Companies Camp Hill, Pennsylvania, United States The Ames Companies, Inc. is a manufacturer, marketer and distributor of non-motorized lawn and garden tools, wheelbarrows and hose reels. Ames products are marketed under the Ames, True Temper, Jackson and Garant brand names.	Buy	$380M

DATE

TARGET

DEAL TYPE

VALUE

2004-07-07

The Ames Companies

Camp Hill, Pennsylvania, United States

The Ames Companies, Inc. is a manufacturer, marketer and distributor of non-motorized lawn and garden tools, wheelbarrows and hose reels. Ames products are marketed under the Ames, True Temper, Jackson and Garant brand names.

Buy

$380M

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2008-01-01	Tembec Montréal, Quebec, Canada Tembec, Inc. is an integrated manufacturer of forest products, including lumber, pulp, paper and specialty cellulose, serving customers worldwide. The company has operations in North America and France with approximately 4,000 employees and annual sales of about $1.6 billion. Tembec manages nearly 25 million acres of Canadian forestlands and has earned Forest Stewardship Council Certification for all its direct-managed forests.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2008-01-01

Tembec

Montréal, Quebec, Canada

Tembec, Inc. is an integrated manufacturer of forest products, including lumber, pulp, paper and specialty cellulose, serving customers worldwide. The company has operations in North America and France with approximately 4,000 employees and annual sales of about $1.6 billion. Tembec manages nearly 25 million acres of Canadian forestlands and has earned Forest Stewardship Council Certification for all its direct-managed forests.

Buy

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