Description
|
 | Leading global manufacturer and marketer of custom, paper-based protective packaging systems |
Transaction
|
| Acquired from enterpreneur in December 2001 by AEP III |
Rationale
|
| First Atlantic experience in packaging industry |
| Recurring revenue stream with high customer switching costs |
| Strong, defensible market position |
| Patented proprietary products
|
First Atlantic Value-Added
|
| Reduced costs and further market penetration |
| Improved cash flow through better capex management |
| Drove growth through new product introduction |
| Migrating away from "one-product company" viewpoint |
Results
|
| Successful new products enhanced and expanded market position |
| Revenues and EBITDA have grown by 24% and 60%, respectively |
| Sold in 2005 for a return of 6.0x and an IRR of 68% in 4 years |
