Gladstone Investment buys Drew Foam

By Frank Esposito
Senior Staff Reporter

Published: August 27, 2012 6:00 am ET

Related to this story

Topics Packaging Construction Mergers & Acquisitions
Companies & Associations

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

Bemis Co. reports sales growth

April 24, 2015 9:57 am ET

Bemis Co. Inc., in what the company is describing as a strong quarter, saw consistent earnings from continuing operations.    More

Image

KHS cuts packaging with direct printing on PET bottles, adhesive multi-packs

April 23, 2015 1:39 pm ET

KHS GmbH has been pouring a lot of time into solving issues related to direct printing on PET bottles, and after eight years of work, everyone...    More

Image

MeadWestvaco joins the Recycling Partnership

April 23, 2015 11:19 am ET

MeadWestvaco Corp., a global packaging company with some operations in plastics, is joining the Recycling Partnership.    More

Image

Sidel, BMS reach agreement on spindle patent case

April 20, 2015 1:24 pm ET

Sidel Group and Blow Mold Services LLC have reached an agreement in Sidel's patent infringement lawsuit against BMS involving the spindle chain on a...    More

Image

Adidas phasing out plastic bag use

April 20, 2015 11:50 am ET

Sporting goods company Adidas AG is phasing out the use of plastic bags in its own retail stores as part of a larger effort raise awareness about ocea...    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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

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

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events