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

Bemis' product strategy paying off with record earnings per share

July 24, 2014 2:56 pm ET

Bemis Co. Inc. is feeling good about itself these days as the flexible packaging and pressure sensitive materials firm is posting record earnings per ...    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

Injection molder, recycler Polyvulc USA puts itself up for sale

July 24, 2014 12:41 pm ET

Fred Farrell and Larry Lambiotte, founders of Polyvulc USA Inc. and its subsidiaries Polyvulc Tire Recycling Llc and Winnsboro Rubber Recycling LLC,...    More

Image

Sealed Air moving headquarters, 1,200 jobs to Charlotte, N.C.

July 23, 2014 2:06 pm ET

Sealed Air Corp. — which is known for its Bubble Wrap brand — is moving its headquarters from Elmwood Park, N.J., to Charlotte, N.C., and ...    More

Image

Successful packaging is about more than the materials you use

July 23, 2014 1:49 pm ET

“People do not forget how packaging makes them feel," says Marla Donahue. "Remember how frustrated you felt when you couldn't get that packaging...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

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

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

More Events