Description
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 | Leading manufacturer of high quality blow-molded and injection-molded plastic containers and closures
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Transaction
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| Acquired in July 2004 by AEP III
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Rationale
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| First Atlantic experience in the plastics and packaging industry |
 Leverage experience gained at Berry Plastics and it's multiple add-ons |
| Plastic bottle industry fragmented as well as fastest growing segment of rigid plastic packaging market |
| Market leader in specialized PET and HDPE bottle segments |
| Strong management team with acquisition experience |
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Value Creation Strategy
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| Initiated aggressive acquisition program, approaching more than 30 targets |
| Completed 3 acquisitions: Spentech, Premier Plastics and GRAFCO |
| Substantially accelerated annual growth |
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Advanced investment in new low-cost manufacturing technology |
| Led sales and marketing review and re-prioritization
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| Sales and Adj. EBITDA growth of 307% and 399%, respectively |
| Sold in 2007 for a 6.0x return and a 75% IRR in 3 years |
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