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

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

Optical disc molder OEM getting into micromolding with acquisition of CDA

August 29, 2014 11:24 am ET

Optical disc replicator and molder Optical Experts Manufacturing Inc. of Charlotte, N.C., has expanded its core business and entered new high...    More

Image

Tighter resin prices leading to price hike for PE film

August 29, 2014 11:13 am ET

One of North America's largest film makers is pushing through a polyethylene price increase due, in part, to the tight resin market.    More

Image

Green trend boosts plastic building materials business in China

August 29, 2014 9:42 am ET

The greening of China's domestic building materials market is giving the plastics industry a boost.    More

Polish injection molder Teknorubber up for sale

August 29, 2014 9:14 am ET

Polish plastic parts maker Teknorubber has been put up for sale following its insolvency filing in March 2014. The company is to be auctioned through ...    More

Image

Pregis, Sealed Air settle film-foam patent dispute out of court

August 28, 2014 1:01 pm ET

A couple of packaging companies are settling their patent fight over film-foam underlayment.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events