XLCS Partners Facilitates Strategic Sale of Brown Paper Goods
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XLCS Partners Facilitates Sale of Brown Paper Goods
XLCS Partners, Inc., a prominent investment banking firm, recently served as the exclusive advisor to Brown Paper Goods (BPG) on its successful sale to Inteplast Group. This strategic move marks a significant development for BPG, a company founded in 1918, renowned for its manufacturing of single-use paper packaging products.
Understanding Brown Paper Goods
Brown Paper Goods specializes in a variety of paper packaging solutions including specialty bags, liners, wraps, and self-opening style (SOS) bags tailored for quick-service restaurants (QSR) and grocery stores. With locations spread across multiple states, including facilities dedicated to production and warehousing, BPG has built a strong reputation for quality. The company has recently rebranded as Brown Paper Products and will now operate under the IBS Division of Inteplast Group.
Product Offerings and Recent Developments
In recent years, BPG has gained a competitive edge in the market with its extensive range of products, which has included pinch-bottom bags for both hot and cold foods, sandwich and foil wraps, self-opening sacks, and freezer rolls. This diverse product range ensures that BPG is well-positioned to meet the evolving needs of the foodservice industry.
Inteplast Group's Role
Inteplast Group, established in 1991, stands as a leading integrated plastics manufacturer and embraces the spirit of American innovation. The company provides products across several industries including healthcare, packaging, building products, and more. Headquartered in New Jersey, Inteplast Group employs over 7,000 individuals and operates more than 50 facilities, reinforcing its commitment to excellence in manufacturing.
Key Leadership Perspectives
Allen Mons, the owner of BPG, expressed his gratitude towards XLCS Partners, stating, "Many of my friends have sold companies. Over the years, I've watched their processes and results. None achieved a better process than XLCS. I was most fortunate to have Anthony Contaldo deftly help my company and me through complex and sometimes nuanced situations. From the start through to a successful close, he helped people on both sides navigate efficiently, calmly, and clearly."
Transaction Overview
XLCS acted as the exclusive M&A advisor throughout this transaction. Key figures in the deal included Anthony Contaldo, Partner, and Matt Crabtree, Senior Associate at XLCS Partners. This significant transaction showcases the firm’s expertise in navigating mergers and acquisitions within the competitive landscape.
About XLCS Partners, Inc.
XLCS Partners is a well-regarded investment banking firm dedicated to merging and acquiring advisory services for selected clients around the globe. They pride themselves on a client-centered approach, ensuring that every transaction is handled with the utmost care and professionalism.
Frequently Asked Questions
What services does XLCS Partners offer?
XLCS Partners provides M&A advisory services, guiding clients through the complexities of selling or acquiring businesses.
Who acquired Brown Paper Goods?
Brown Paper Goods was acquired by Inteplast Group, marking a strategic move for both companies.
What is the significance of this transaction?
This sale represents a major milestone for BPG, allowing them to leverage Inteplast Group's extensive network and resources for growth.
How long has Brown Paper Goods been in operation?
Brown Paper Goods was established in 1918, offering over a century of experience in the packaging industry.
Where is Inteplast Group headquartered?
Inteplast Group is headquartered in Livingston, New Jersey, and operates numerous manufacturing facilities across the country.
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