P&M Corporate Finance served as the exclusive financial advisor to Reliance Products, a manufacturer of blow molded and injection molded products, in its recent sale to The Bodtker Group of Companies.
John Hart, a Managing Director of P&M Corporate Finance and co-leader of the firm’s Plastics & Packaging Group, led the transaction for P&M. The group facilitated discussions and negotiations with a range of potential strategic and financial parties in a process that ultimately resulted in a successful transaction with Bodtker, which closed in early 2013.
“P&M Corporate Finance found us an outstanding partner in The Bodtker Group. They are clearly experts in the plastic packaging industry as evidenced by their positioning of the company, identification of prospective buyers, and management of every aspect of the transaction process. We were very pleased with P&M Corporate Finance’s performance on this transaction,” said Charles Schiele, CEO of Reliance.
Reliance manufactures blow molded and injection molded products suited for both industrial and consumer customers. Reliance’s industrial products line provides product packaging such as rigid bottles, tightheads, flexible containers, and openhead pails. On the consumer side, a number of products for camping and outdoor living are manufactured under the Reliance name. Many of these products have equally important applications in emergency preparation and disaster relief, such as hydration, sanitation, and organization. Reliance has annual sales of approximately C$24 million and has about 125 employees. The company is based in Winnipeg (www.relianceproducts.com).
P&M Corporate Finance (PMCF) is a middle market investment bank providing merger and acquisition advisory services to companies in North America and Europe. PMCF provides a range of services including sale advisory, acquisition advisory, capital raising, and strategic advisory. The firm has dedicated industry teams providing services to the plastics and packaging, medical technology, industrials, and business services industries. PMCF has offices in Chicago and Detroit (www.pmcf.com).
The Bodtker Group of Companies manufactures, refurbishes and distributes metal, fiber and plastic containers ranging from pill bottles to drums and also operates blending and filling facilities. With the acquisition of Reliance, Bodtker now has sales of approximately C$110 million and has about 500 employees. The Bodtker Group of Companies was formerly known as GWC Services and changed its name in October 2012. The company was founded in 1979 and is based in Calgary (www.bodtkergroup.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-7-13