DCF Boxes Up Another Packaging Deal
GMI Group has been acquired by Rock-Tenn Company
Deloitte Corporate Finance LLC (DCF) is pleased to announce its role as the exclusive financial advisor to GMI, Inc., Glenmark Industries, Inc., Foil Laminating, Inc., and Varipak, Inc. (collectively GMI Group) in their sale to Rock-Tenn Company. DCF leveraged its packaging industry knowledge and extensive industry relationships to help GMI Group complete this transaction.
The DCF team assisted GMI Group’s management team and shareholders throughout the entire sale process, by providing a full range of sell-side advisory services, including assisting GMI Group with: developing marketing materials, refining financial forecasts, identifying and contacting potentially interested parties, managing the due diligence process, and advising on transaction negotiations.
About GMI Group
Founded in 1964, the GMI Group is a broad based packaging company operating multiple converting and laminating facilities across the country. GMI Group divisions produce corrugated, single face, lids and clamshell packaging for direct food contact at its AIB certified facilities. GMI Group also produces specialty film, foil and holographic laminations in roll and sheet form for outside conversion. The Company operates in six manufacturing and distribution facilities that are strategically located across the country, allowing fast low cost delivery to its customers throughout North America.
About Rock-Tenn Company
RockTenn (NYSE:RKT) is one of North America's leading integrated manufacturers of corrugated and consumer packaging and recycling solutions, with annualized net sales of approximately $10 billion. RockTenn's 26,000 employees are committed to exceeding their customers' expectations - every time. The Company operates locations in the United States, Canada, Mexico, Chile, Argentina and China.