DTCF advises U.S. Corrugated on 2nd acquisition in 8 months
Another mid-market M&A transaction in the packaging sector
Deloitte & Touche Corporate Finance LLC (DTCF) is pleased to announce its role as the exclusive financial advisor to U.S. Corrugated, Inc. (U.S. Corrugated) in its acquisition of eight converted products production facilities from Longview Fibre Paper and Packaging, Inc. (Longview), a subsidiary of the Longview Fibre Company.
The eight facilities acquired in the transaction previously formed Longview’s eastern and central converting facilities division. Four of the acquired facilities are full line corrugated box plants and the additional four serve as specialty sheet plants. This transaction comes shortly after DTCF advised on the acquisition of U.S. Corrugated. With the addition of the Longview plants, U.S. Corrugated’s parent company, Four M Holdings, LLC (Four M), will operate 17 containerboard converting facilities throughout the Southeast, Midwest, and Northeast.
DTCF advised U.S. Corrugated in analyzing the acquisition opportunity and provided assistance in the arrangement of deal financing. The transaction highlights DTCF’s deep coverage of the Paper and Packaging sector, insight into the financing markets, and track record of working with strategic manufacturing companies in North America.
About U.S. Corrugated, Inc.
U.S. Corrugated, Inc. is a leading manufacturer of corrugated paper and paper boxes, containers, and point-of-sale displays for the wholesale and retail markets. The Company was formed in 2006 when its parent company, Four M, purchased the assets of LINPAC Inc.
About Longview Fibre Paper and Packaging, Inc.
Longview Fibre Paper and Packaging, Inc. produces a broad range of paper and containerboard products manufactured at one of North America's largest papermaking complexes in Longview, Washington. Prior to the transaction, the Company operated a network of 15 container plants in 12 states, and had more than 587,000 acres of timberlands in the Pacific Northwest.
For more details contact Will Frame, Managing Director.