Griffin Holdings has completed the acquisition of Tufco Technologies, a contract manufacturer of wet and dry wipes. Tufco’s Business Imaging division, HAMCO Manufacturing, was also purchased in this transaction.
Tufco is one of the largest contract manufactures of branded wet and dry wipes in the Unites States. The company also offers custom formulation development and blending as well as microbiological services. Tufco is also a provider of business-to-business wide web flexographic printing, and hot melt adhesive laminating. The company was founded in 1992 and is headquartered in Green Bay, WI (www.tufco.com). HAMCO, a provider of custom printed POS and ATM rolls and other business forms, is based in Newton, NC (www.hamco.com).
According to Griffin Holdings, Tufco’s presence in four different industries will allow it the firm to cast a wide net when looking for strategic acquisitions, add-ons and tuck-ins for this platform company.
Griffin Holdings invests from $5 million to $30 million of equity in leveraged buyouts, management buyouts, growth equity and recapitalizations. Typical targets will have EBITDA between $3 million and $30 million. Griffin was founded in 2008 and is based in Los Angeles (www.griffinhld.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 3-11-14