Generational Equity Announces the Acquisition of Packaging Solutions, Inc's Assets by Sunbelt Packaging
DALLAS, March 14, 2013 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of the assets of its client, Packaging Solutions, Inc., headquartered in Johnsonville, South Carolina, by Sunbelt Packaging, of York, South Carolina. The transaction closed on February 6, 2013. Terms of the transaction were not disclosed.
Packaging Solutions, Inc., uses low-cost overseas partners to supply customers with flexible intermediate bulk containers (FIBC), woven polypropylene (PP) fabric in roll good form and polyester (PET) strapping, and stretch film. Packaging Solutions serves a well-diversified base of customers, operating in a variety of markets such as specialized vehicle covers, synthetic manufacturing, and distribution. The company has locations in seven states, Canada and Ireland, and has the ability to ship full container loads directly from supplier to customer, allowing easy expansion and continued growth and success.
Managing Director, Don Sawyer, and Vice President, Julie Sandoval, led the Generational Equity deal team that advised Packaging Solutions, Inc., on the transaction. According to Julie Sandoval, "Our client recognized immediately that Sunbelt Packaging was a good acquisition fit for Packaging Solutions."
Sunbelt Packaging was founded in 1980 to supply specialty threads to businesses in the textile industry, later expanding into industrial packaging materials. Sunbelt Packaging has grown to become a leading provider of packaging materials in the Southeast and a dominant supplier throughout the markets. Products consist of packaging materials, packaging equipment, thread and industrial supplies, and impressive customer service. Sunbelt Packaging plans to provide industry leading customer service in a dynamic global business climate to excel and expand.
About Generational Equity
Generational Equity provides mergers, acquisitions, strategic growth advisory services, and information for privately held and family-owned businesses to exit their business successfully. Generational Equity uses a four-phase approach that includes education, financial analysis and reporting, sales documentation and deal-making ability to offer business owners an unparalleled level of commitment and experience, all focused on helping to release the generational equity and wealth in every business. Generational Equity is headquartered in Dallas, TX, has more than 200 professionals in North America, and was recently recognized by the M&A Advisor as the M&A Consulting/Advisory service firm of the year. For more information visit the following websites at www.genequityco.com, www.gecpress.com or http://blog.genequityco.com/.
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