Date Announced

Target

Buyer

Target Description

Enterprise

Value ($MM)

EV/Rev

EV/EBITDA

Nov-23

NYP, LLC

Granite Creek Capital Partners

Manufacturer of packaging for nursery and

agriculture markets

–

–

–

Nov-23

General Converting

Century Box (Core Industrial Partners)

Manufacturer of folding cartons for consumer

products

–

–

–

Nov-23

Nekoosa Coated Products, LLC

Wynnchurch Capital, L..P

Provider of specialty materials for graphics and

printing

–

–

–

Oct-23

I PACKCHEM

Greif, Inc.

Manufacturer of jerrycan and small plastic

containers

–

–

–

Oct-23

Helvetia Packaging AG

Crown Holdings, Inc. (NYSE: CCK)

Manufacture of beverage cans

–

–

–

Sep-23

Soteria Flexibles Holdings, LLC

(Ardian PE)

TJC, LP

Manufacturer of custom flexible packaging

–

–

–

Sep-23

AtCorr Packaging Products LLC

Welch Packaging

Manufacturer of corrugated packaging

–

–

–

Aug-23

Bell Inc.

Graphic Packaging International

Manufacturer of folding cartons for consumer

products

–

–

–

Aug-23

Promach, Inc.

Leonard Green & Partners

Filling, bottling and capping, decorative labels

$158

–

–

Jun-23

N-Stock Box

Akers Packaging

Manufacturer of corrugated and custom packaging

–

–

–

Jun-23

ASL Print FX

AWT Labels & Packaging (Morgan

Stanley Cap Ptrs)

Printers of pressure sensitive labels, promotional

and package printing

–

–

–

Jun-23

The Standard Group

Paperworks Industries

Converter of custom printed paperboard packaging

–

–

–

Jun-23

Parkway Products, LLC

Clayens NP Group

Manufacturer of polymers, composites and

precision metals

–

–

–

Jun-23

Mark Andy, Inc.

Center Rock Capital Partners, L.P

Provider of label printing equipment and supplies

–

–

–

Jun-23

TeqSupply

B2B Industrial Packaging LLC (GenNX

360 Partners)

Provider of stretch wrap, tape and adhesives.

–

–

–

May-23

SGS & Co.

HPS Investment Partners

Packaging design services

–

–

–

May-23

Standard Bag Manufacturing

Company

Gelpac, Inc.

Manufacturer of industrial and food-grade

laminated bags

–

–

–

Date

Announced

Target

Buyer

Target Description

Enterprise

Value ($MM)

EV/

Rev

EV/EBITDA

May-23

Spectrum Plastics Group

Dupont De Nemours

Manufacturer of polyethylene bags and films

$1,750

–

–

Apr-23

Nursery Supplies, Inc.

Millpoint Capital

Recycler and manufacturer of horticulture

containers and trays.

–

–

–

Apr-23

Millennium Packaging Inc.

B2B Industrial Packaging LLC (GenNX 360

Partners)

Provider of film, packaging equipment and corner

board.

–

–

–

Mar-23

Brown Industrial Packaging

B2B Industrial Packaging LLC (GenNX 360

Partners)

Distributor of film and packaging equipment.

–

–

–

Mar-23

Airnov Healthcare Packaging

Colorcon

Manufacturer of healthcare packaging products

–

–

–

Mar-23

Amherst Label

Inovar Packaging Group (Kelso & Co.)

Manufacturer of custom printed labels

–

–

–

Mar-23

Suttons Performance Packaging

Mcfarlane Group

Manufacturer of packaging for medical, electronics

and industrials

$11

–

–

Mar-23

Martin Pallet

Burlington Capital Partners

Manufacturer of custom wood packaging for

storage and logistics

–

–

–

Mar-23

Nashville Box

Welch Packaging

Manufacturer of corrugated boxes for packaging

companies

–

–

–

Feb-23

Cimarron Label & Western Printing

Inovar Packaging Group (Kelso & Co.)

Manufacturer of custom printed labels and flexible

packaging

–

–

–

Feb-23

Aarts Packaging, BV

TriMas (NASDAQ: TRS)

Packaging solutions provider for beauty and

lifestyle brands

–

–

–

Feb-23

StePac, MAPfresh Holdings

PPC Flexible Packaging, LLC (GTCR)

Manufacturer of specialty flexible packaging for

fresh produce

–

–

–

Feb-23

Alpha Container

Larsen Packaging Products

Manufacturer of corrugated packaging and

supplies

–

–

–

Feb-23

Keystone Paper & Box Company

Mill Rock Capital

Manufacturer & distributor of corrugated

packaging and supplies

–

–

–

Feb-23

Preferred Packaging Products

Flexpak

Manufacturer & distributor of packaging products

–

–

–

Date

Announced

Target

Buyer

Target Description

Enterprise

Value ($MM)

EV/Rev

EV/EBITDA

Jan-23

Next Press

B2B Industrial Packaging LLC (GenNX 360

Partners)

Manufacturer & distributor of corrugated packaging

and supplies

–

–

–

Jan-23

Fredman Bag

Summit Plastics (LongVue Capital)

Manufacturer of printed and converted custom

flexible packaging

–

–

–

Jan-23

Container Services

Shore Capital Partners

Manufacturer of rigid plastic packaging

–

–

–

Dec-22

SCI Box

Akers Packaging

Manufacturer of corrugated boxes for packaging

companies

–

–

–

Dec-22

Jenco Productions

GPA Global

Manufacturer of high-end rigid boxes

–

–

–

Dec-22

Precision Label, Inc

ID Images (Sole Source Capital)

Manufacturer of prime labels

–

–

–

Dec-22

Oak Paper Products Company, Inc.

B2B Industrial Packaging LLC (GenNX 360

Partners)

Distributor of corrugated packaging

–

–

–

Dec-22

Knoxville Box & Container

Welch Packaging

Provider of corrugated boxes, wood crates and

packaging supplies

Nov-22

Tri Pro Graphics & Packaging

B2B Industrial Packaging LLC (GenNX 360

Partners)

Distributor of corrugated packaging, film and foam

–

–

–

Nov-22

Lee Container Corporation

Greif, Inc.

Manufacturer of industrial containers

$300

–

–

Nov-22

RTS Packaging/ West Rock (Paper

Mill in TN)

Sonoco Products Company

Fiber & Corrugated Partitions

$330

–

–

Nov-22

Liqui- Box Corporation

Sealed Air Corporation

Flexible Liquid Packaging Solutions

$1,150

3.2x

13.5x

Oct-22

Plastic Packaging Technologies, LLC

PPC Flexible Packaging, LLC (GTCR)

Provider of flexible packaging solutions

–

–

–

Oct-22

Deco Flexible Packaging

Resource Label Group, LLC

Manufacturer of labels and flexible packaging

–

–

–

Oct-22

K-1 Packaging Group & Everest

Packaging

Dunes Point Capital, LP

Turnkey packaging solutions for Wellness and Personal

Care

–

–

–

Oct-22

Crown Paper Group

Atlas Holdings LLC

Manufacturer of containerboard

–

–

–

Aug-22

Plastic industries

Altium Packaging

Blow- Molded and High-density Polyethylene bottles

$5

–

–

Feb-22

Midwest Paper Group

Durango Mckinley Paper Company

Recycled containerboard, natural kraft packaging, and

printing writing grades

$204

–

–

Date

Announced

Target

Buyer

Target Description

Enterprise

Value ($MM)

EV/Rev

EV/EBITDA

Jul-22

Moulded Fibre Technology Division

of UFP

CKF, Inc.

Manufacturer of custom molded fiber packaging

$32

1.3x

13.0x

Jun-22

Parata Systems

Becton, Dickinson and Co. (NYSE: BDX)

Pharmacy automation and packaging solutions

$1,525

–

–

May-22

Packaging Logic, Inc.

Akers Packaging

Manufacturer of corrugated boxes and containers

–

–

–

Mar-22

Syfan Manufacturing

Intertape Polymer Group

Manufacturer of shrink and over-wrap films

$18

–

–

Mar-22

Inovar Packaging (AEA Investors)

Kelso & Company

Full service provider of labels and flexible packaging

–

–

–

Feb-22

Midwest Paper Group

Durango Mckinley Paper Company

Recycled containerboard, natural kraft packaging, and

printing writing grades

$204

–

–