Deloitte Corporate Finance LLC advises El Dorado Paper Bag Mfg. Co., Inc. on its sale to Industrial Opportunity Partners, LLC
Chicago, IL, October 28, 2014 — Deloitte Corporate Finance LLC ("DCF") acted as exclusive financial advisor to El Dorado Paper Bag Mfg. Co., Inc. ("El Dorado"), a leading producer of small format multiwall paper bags, in its sale to Industrial Opportunity Partners, LLC ("IOP"), a Chicago-based private equity investment firm. The acquisition closed on Sept. 3, 2014.
"DCF's deep transaction and industry experience added value throughout the entire sale process. DCF's sector knowledge was vital to us finding the right partner for El Dorado. Their commitment helped us to achieve our overall goals and shareholder objectives," said Louie Hall, III, president and CEO of El Dorado.
“We are pleased to have used our significant experience in the packaging sector to play a part in this transaction,” said Will Frame, managing director, Deloitte Corporate Finance LLC, and head of DCF’s Industrials Group.
About El Dorado
Founded in 1963, El Dorado is leading producer of small format multiwall paper bags and printed roll stock primarily for consumer use in the flour and sugar markets. It provides one, two, and three ply pasted bottom paper bags, ranging from 1½ pounds to 30 pounds, with the printing capacity for up to ten colors. El Dorado has a long track record of serving the largest flour and sugar producers in the U.S. and operates from a single facility in El Dorado, Arkansas. El Dorado also offers customer inventory management programs and operates its own trucking fleet. Learn more at www.eldoradopaperbag.com.
About Industrial Opportunity Partners, LLC
Industrial Opportunity Partners, LLC ("IOP"), based in Evanston, IL, is a private equity investment firm focused on acquiring and managing middle-market manufacturing and value-added distribution companies, typically with revenues between $30 million and $350 million. IOP has a particular investment focus on enhancing the operations and optimizing the cost structures of the businesses it acquires. Since its inception, IOP has raised $460 million of committed capital. Learn more at www.iopfund.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.
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