Gladstone Investment buys Drew Foam

By Frank Esposito
Senior Staff Reporter

Published: August 27, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Construction, Packaging

MONTICELLO, ARK. (Aug. 27, 2:50 p.m. ET) — Expanded polystyrene foam molder Drew Foam Cos. Inc. has been acquired by business development firm Gladstone Investment Corp. for an undisclosed price.

Monticello, Ark.-based Drew Foam had been owned by Pine Creek Partners, a Washington, D.C.-based private equity firm. Drew Foam operates plants in Portland, Tenn., and Anderson, S.C. The firm makes specialty EPS foam for a variety of applications in the packaging and construction markets.

Gladstone is a publicly held firm based in McLean, Va.

Mesirow Financial of Chicago served as Drew Foam’s exclusive advisor on the deal.

“Our customers and employees will both benefit as Gladstone and Drew Foam join together and continue to grow the company’s product offering and geographic reach,” Drew Foam CEO Bill Givens said in an Aug. 27 news release.


Comments

Gladstone Investment buys Drew Foam

By Frank Esposito
Senior Staff Reporter

Published: August 27, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Xten may shut down, working on sale to Commercial Plastics

October 29, 2014 5:49 pm ET

Xten Industries LLC is working on a sale to Commercial Plastics Co. of Mundelein, Ill. Xten, an injection molder based in Kenosha, Wis., filed a...    More

Image

Protective packaging predicted to grow 6.1 percent annually

October 29, 2014 3:39 pm ET

Protective packaging looks to be a high-growth market in the coming years, according to a new study by Freedonia Group Inc.    More

Image

Schütz investing $20 million for bulk container production in Missouri

October 29, 2014 11:18 am ET

German packaging company Schütz GmbH & Co. KGaA is expanding its presence in the United States through a $20 million project in Missouri slated to...    More

Image

Cosmetic packaging maker expands in China

October 28, 2014 3:32 pm ET

A $180 million expansion project by the Derjin Group of Taiwan has broken ground in China's Jiangsu province.    More

Image

Buildings could reach new heights with help from plastic-coated rope

October 28, 2014 1:55 pm ET

Skyscrapers will be able to soar to greater heights with help from plastic in the latest lift technology developed by Kone Corp., an elevator and esca...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events