Investment bank Blaige & Company was the exclusive advisor to Grayling Industries on its acquisition by ILC Dover, a portfolio company of Behrman Capital Partners.
Grayling Industries is a manufacturer of industrial packaging and environmental safety products including intermediate bulk containers and liners and products for contamination control on asbestos abatement projects. The company’s brand names include Guardian IBC container liners for liquid and dry applications; PaperIBC containers; Avail glovebags; Control chemicals; D-Con disposable showers; and Durapax disposal bags for asbestos abatement. The company is based in Alpharetta, GA (www.graylingindustries.com).
“The flexible packaging arena remains fragmented and continues to rapidly consolidate. Our research shows that over the past 12 years 62% of the top 50 film & sheet market leaders have merged or sold, yet over 400 packaging converters currently operate in North America, said Thomas Blaige, chairman & CEO of Blaige & Company. “The bulk institutional and industrial packaging sectors are of particular interest as new technologies are favoring flexible bulk industrial containers (FIBCs), rigid industrial bulk containers (RIBCs) and large pouches over traditional rigid plastic bottle in cage, metal and plastic drums and multi-wall sacks and folding cartons.”
Blaige & Company provides investment banking services exclusively to the packaging, plastics, and chemicals sector. Established in 2003, Blaige & Company’s senior advisory professionals have personally managed, owned or visited over 600 operations in 40 countries and completed over 200 value-enhancing transactions in packaging, plastics and chemicals. Blaige & Company is headquartered in Chicago (www.blaige.com).
ILC Dover is a designer and manufacturer of space suits for NASA as well as a range of government and industrial engineered fabric and film products. Markets served include the aerospace, personal protection and pharmaceutical industries. The company is known for its production of space suits for NASA and its products have been used on the moon, on Mars and around the globe. ILC Dover was founded in 1947 and is based in Frederica, DE (www.ilcdover.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-14-13
