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Altamont Capital Partners Acquires Specialized Packaging Group to Expand Customised Packaging Offerings
Friday 15 January 2021

San Francisco-based private investment firm Altamont Capital Partners has acquired New York-based protective packaging manufacturer Specialized Packaging Group, Inc. (SPG) from the company's founder, the company said.

Terms of the transaction were not disclosed.

SPG is a vertically-integrated provider of protective packaging products that operates under two divisions, IVEX and Engineered Packaging.

IVEX, which has six facilities in the US, Canada and Mexico, manufactures a range of packaging materials, including polyethylene foam and other protective packaging products.

Engineered Packaging, which is comprised of Induspac and Estapack, designs and manufactures customised packaging solutions at eight facilities in the US and Mexico using a variety of materials, including polyethylene foam, corrugated cardboard and wood.

Baird and Raymond James and Associates, Inc. acted as financial advisors and Ropes and Gray served as legal counsel to Altamont on this transaction.

Raymond Chabot Grant Thornton acted as exclusive financial advisor, and BCF Business Law and Morency, Société d'avocats, LLP served as legal counsel to SPG.

Financing for the transaction was provided by Monroe Capital and Churchill Asset Management.
Date Published: 15/01/2021