Ardian Announces Sale of Its Investment in Soteria Flexibles to TJC

Ardian, a world-leading private investment house, has sold its investment in Soteria Flexibles Holdings LLC to TJC LP (TJC). With the Ardian North America Fund team’s support, today Soteria Flexibles is a North American leader in short-run, custom flexible packaging manufacturing serving the healthcare, fresh food, industrial, foodservice, janitorial/sanitation and commercial markets.

Led by CEO Brad Herbolsheimer and headquartered in Carol Stream, IL, Soteria Flexibles was created in 2019 following Ardian’s platform acquisition of Colonial Bag, a family-owned company based outside Chicago. It provides customized high-quality packaging products in relatively small volumes to specialized businesses in underserved, high-growth sub-segments that need tailored specifications.

Under Ardian’s ownership over the last four years, and led by the company’s management team, Soteria Flexibles grew via continued acquisitions and investments into capacity, operations, talent and infrastructure. The company completed four highly accretive acquisitions within the flexible products industry: RediBag, Continental Products, Phoenix Plastics and Film Tech. It transformed from a single-plant family-owned business into a leading player in the national flexible packaging and films market with broad capabilities, four plant locations, a highly flexible operating model, strong distribution network, and a fundamental infrastructure to support future add-on acquisitions.
more at: https://www.businesswire.com/news/home/20230906593074/en/Ardian-Announces-Sale-of-Its-Investment-in-Soteria-Flexibles-to-TJC

Related Posts

Smurfit Kappa announces multimillion Mexican investment

Smurfit Kappa has announced it is investing $22 million to expand its corrugated plant in Culiacan, North-West Mexico. It demonstrates the company’s continued commitment to the Mexican market with expanded capacity, capabilities and products offerings for local customers in the fresh produce segment. The investment will modernise and expand the plant, with the installation of high-tech state of the art machinery and the construction of a new 10,900m2 building that will include a new corrugator and an automatic Rotary Die Cutter (RDC) that will be fully operational by the end of 2021. The facility will produce corrugated boxes made with a moisture barrier that helps resist condensation. These new offerings will also result in more sustainable operations at the facility with reduced use of paper that is 100% recyclable and can be reused at Smurfit Kappa mills.

Sonoco Reports Record First Quarter 2022 Results

First Quarter Highlights *First quarter 2022 net sales were a record $1.77 billion, compared with $1.35 billion in the same period in 2021. *First quarter 2022 GAAP earnings per diluted share were $1.17, compared with $0.71 in the same period in 2021. *Base net income attributable to Sonoco (base earnings) for the first quarter 2022 was a record $1.85 per diluted share, compared with $1.00 per diluted share in the same period of 2021. 2021 base results throughout the release have been revised to conform with the Company’s current Base Earnings definition which excludes amortization of acquisition intangibles. The Company recently provided updated first quarter guidance of $1.70 to $1.80 per diluted share. (See base earnings definition, explanation and reconciliation to GAAP earnings later in this release.) *Cash flow from operations was $1.1 million in the first quarter of 2022, compared to $138.7 million in the same period of 2021.

Huhtamaki has sold its confectionary trademark portfolio

Huhtamaki has sold its confectionary trademark portfolio to Highlander Partners, a US based investment firm. Related to the sale, an after taxes gain of approximately USD 16 million will be booked as an item affecting comparability (IAC) during the second quarter of 2018. The sold trademark portfolio was related to Huhtamaki's confectionary business divested in 1996.
Back To Top
×Close search
Search