Company Overview
Union Packaging, LLC (“Union”) is a manufacturer of consumer packaging products for the Quick Service Restaurant industry. Union is headquartered in Yeadon, PA, and its clients include Burger King and Wendy’s/Arby’s. Union was owned by Providence Packaging, Group, Inc. (“Providence”) and Dopaco, a wholly owned subsidiary of Cascades, Inc. that is currently being sold to Reynolds Group Holdings, Ltd.
Situation
The shareholders of Providence sought to acquire Dopaco’s minority interest in Union, such that Providence would own all of Union's equity.
Solution
Griffin has significant experience in the consumer products packaging industry, and acquisition structuring and financing. Griffin, therefore, was hired as investment banker by Providence to assist in the purchase of the remaining equity interest in Union that it did not already own. In this role, Griffin assisted Providence in formulating, structuring and negotiating its offer to Dopaco, in addition to designing a capital structure to support the acquisition. Griffin also raised the senior credit facilities from National Penn Bank that were required to fund the buyout.
For more information on this transaction, please contact John A. Lee , Senior Managing Director, at 610.205.6106, Kevin M. Leigh, Vice President, at 610.205.6113 or
Michael J. Sobota, Vice President, at 610.478.2294. For more information on Griffin’s services in general, contact any one of our investment banking professionals.
Griffin Financial Group provides merger and acquisition advisory, capital formation, strategic consulting and private equity placements and related services. Griffin also assists businesses in obtaining financing through private placements of debt and equity, including those businesses facing special situations, such as financial restructuring and turnarounds. Griffin is FINRA-licensed. |
