DCF Completes Another Packaging Transaction
Reynolds Packaging Group Carves-Out Medical Packaging Business
Deloitte Corporate Finance LLC (DCF) is pleased to announce its role as the financial advisor to Reynolds Packaging Group (Reynolds) in the sale of its medical packaging business to Brentwood Industries Inc.
The DCF team advised Reynolds during the sale process by assisting in the development of marketing materials and preparation of financial analyses. The Deloitte team also provided the client with seller due diligence services and assisted in the presentation of pro-forma financial information.
This engagement is another example of DCF’s role as a financial advisor to a large corporate entity involving a carve-out of non-core assets. The sale highlights DCF’s experience in the Paper, Plastic, and Packaging sector and represents a cross-border, cross-functional transaction.
Reynolds Packaging Group, based in Richmond, VA, is one of the largest North American thermoformers and film and sheet processors, with an estimated $1 billion in sales for both segments, according to Plastics News ranking data. The company is owned by Rank Group Ltd., a New Zealand investment group that bought Alcoa Inc.’s packaging and consumer unit early last year.
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