Pfingsten Expands Packaging Platform

Oliver Printing & Packaging, a portfolio company of Pfingsten Partners since May 2016, has acquired DISC Graphics.

DISC is a manufacturer of folding carton packaging, micro-fluted corrugated boxes and pressure sensitive labels that are used in the pharmaceutical, food and beverage, consumer products and health and beauty markets. The company is headquartered on Long Island in Hauppague, NY (www.discgraphics.com).Oliver Printing & Packaging is a manufacturer of marketing collateral, packaging and point-of-purchase displays used in the health and beauty, consumer goods, financial services, building products and specialty food and beverage end-markets. The company, led by CEO Dan Rodenbush, is headquartered near Cleveland in Twinsburg, OH (www.oliverprinting.com).

“The acquisition of DISC greatly strengthens our platform, bringing new markets, customers, capabilities and capacity,” said Mr. Rodenbush. “DISC is a highly complementary business with a similar customer-centric culture and market-leading production capabilities.” DISC will continue to operate from its current Hauppague, NY facility as part of the Oliver platform.

The buy of DISC is the second add-on acquisition for the company under Pfingsten ownership. In August 2017, Oliver acquired Pohlig Packaging, a Richmond, VA-based manufacturer of folding cartons, micro-fluted corrugated boxes and setup boxes that are used in the food and grocery, consumer products, automotive aftermarket and healthcare markets (www.pohlig.com).

“We are thrilled to join forces with Oliver and Pohlig,” said Don Sinkin, CEO of DISC. “Together, we will be able to better serve our combined customer base with additional resources, equipment and capabilities.”

Pfingsten invests in middle-market manufacturing, distribution and business services companies that have transaction values ranging from $15 million to $100 million, revenues from $20 million to $150 million, and EBITDA between $3 million and $12 million. Since completing its first investment in 1991, Pfingsten has acquired 132 such companies through five funds with total commitments of $1.3 billion. The firm is based in Chicago with representative offices in India and China (www.pfingsten.com).

© 2019 Private Equity Professional | January 4, 2019

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