Following the completion of a court-supervised sale process launched in January 2020, Borden Dairy has been acquired for $340 million by Capitol Peak Partners and KKR. At closing, Capitol Peak will assume majority ownership of the company, and KKR, an existing lender to Borden, will be a minority investor. ACON Investments and Grupo Lala, a […]
Archives for June 2020
Kohlberg Acquires GPRS from CIVC
CIVC Partners has sold a majority equity interest in GPRS to Kohlberg & Company with CIVC maintaining a minority equity interest in the business. GPRS provides utility locating and concrete scanning services to utilities, contractors, engineering firms and environmental consultants. The company uses X-Ray and ground-penetrating radar technology to identify subsurface structures prior to the […]
OEP Launches Spartronics
Sparton Corporation, a portfolio company of Cerberus Capital since March 2019, has agreed to sell its contract manufacturing unit, Manufacturing & Design Services (MDS), to One Equity Partners. MDS engineers, designs, and manufactures electronic and electromechanical devices, including printed circuit card assemblies and cable/wire harnesses. The unit specializes in low-to-medium volume manufacturing of products used […]
Kinderhook Returns to Pet Sector
Kinderhook Industries has acquired branded and private label pet food maker Prairie Dog Pet Products. Prairie Dog Pet Products is a specialty manufacturer and marketer of dog treats, including freeze-dried treats, jerky, and natural animal parts. The company markets its products under its own brand as well as private labels with numerous pet brands. Prairie […]
Despite Headwinds, Packaging Industry Faces Pockets of Growth
A recent survey by L.E.K. Consulting, conducted just before the economic dimension of the COVID-19 pandemic took hold, shows that nearly 50% of consumer packaged goods (CPG) brand owners expect to boost their spending on packaging, up from 41% who said the same in last year’s survey. Given some subsequent research in the space, L.E.K. […]
