DCF Completes Another Packaging Deal
Appleton Papers Divests Flexible Packaging Division to The Interflex Group
Deloitte Corporate Finance LLC (DCF) is pleased to announce its role as exclusive financial advisor to Appleton Papers, Inc. (Appleton) in the sale of its wholly-owned subsidiary C&H Packaging to The InterFlex Group, Inc. (Interflex), a portfolio company of Red Diamond Capital Partners, LP (Red Diamond).
The sale highlights DCF’s deep coverage of the paper, plastic, and packaging sector and represents another example of DCF’s role as financial advisor to a large corporate entity engaged in a complex divestiture.
About Appleton, Interflex, and Red Diamond
Appleton Papers, Inc. is a leading manufacturer of carbonless, thermal, security and performance packaging products. The company’s C&H Packaging subsidiary prints and converts flexible packaging materials for companies in the food processing, household and industrial products industries.
The InterFlex Group, Inc., founded in 1975, is a global flexible packaging business and supplier of innovative packaging solutions serving the fresh food, packaged food and confectionary markets.
Red Diamond is a private equity fund that invests in middle market manufacturing, distribution and service businesses in North America. The plastics and packaging industry is one of Red Diamond's targeted sectors for investment, and the company and its portfolio companies have acquired several businesses in the space.