Private equity firm Larsen MacColl Partners has acquired US-based retail packaging specialist S. Walter Packaging.
Larsen MacColl partner Satya Ponnuru said: "We look forward to building the leading company in the retail packaging industry by leveraging the company’s strong market position, first-rate management team and unique design and global sourcing capabilities.
Go deeper with GlobalData
"We intend to aggressively grow the company both organically and through acquisition."
The financial terms of the transaction were not revealed. The acquisition was financed by NewSpring Mezzanine and Wells Fargo Bank.
Larsen MacColl named Kurt Koloseike as the new CEO of S. Walter Packaging.
See Also:
Koloseike said: "We will continue to enhance our leading design, operational, customer service and logistics capabilities to serve our national accounts and small and medium-sized businesses.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData"We have a strong balance sheet and the operational and financial resources needed to hire additional talent and pursue strategic acquisitions for long-term growth."
Headquartered in Pennsylvania, S. Walter Packaging designs, sources and delivers coordinated packaging solutions to branded consumer products companies and retailers. The company offers shopping bags, boxes, tissue paper, wrapping paper, ribbons, bows and other packaging accessories to more than 10,000 customers across North America.
S. Walter Packaging serves various customers, ranging from well-known global retailers to small and medium-sized businesses.
