Interplast Packaging, a division of Tricor Pacific Capital’s portfolio company Keyes Packaging Group, has been sold to Pactiv which is owned by the Rank Group, a privately held investment company based in Auckland.
Interplast is a manufacturer of recycled PET egg cartons used in the packaging of specialty eggs. The company serves customers across the specialty egg supply chain including egg producers, graders, marketing groups and grocery retailers. Interplast is based in Montreal (www.interplast.net).
Keyes Packaging Group is a manufacturer of specialty packaging focused on the fruit, egg and wine industries. Keyes’ operating subsidiaries include Keyes Fibre, a producer of molded fiber trays for fruit, vegetable, egg and wine packaging; and Wrap Pack, a manufacturer of specialty tissues used primarily as protective packaging for pears to prevent damage and spoilage during storage and shipment. Keyes Packaging Group is based in Wenatchee, WA (www.keyespackaging.com).
Tricor Pacific invests in middle-market companies with enterprise values from $25 million to $250 million in the manufacturing, service, distribution and consumer product sectors that are located in the west and mid-west regions of Canada and the United States. The firm currently manages approximately $1 billion of capital and is investing its fourth fund with $555 million in committed capital. Tricor Pacific is headquartered in Vancouver and has an office in Chicago (www.tricorpacific.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 9-28-12