Graham Partners buys Scandia Plastics

Published: October 12, 2012 6:00 am ET

Related to this story

Topics Packaging, Mergers & Acquisitions, Blow Molding

NEWTOWN, PA. (Oct. 12, 4:30 p.m. ET) — In a deal that recalls Donald Graham's roots in the plastic packaging market, private equity firm Graham Partners Inc. has purchased Sheboygan, Wis.-based blow molder Scandia Plastics Inc.

Scandia has one plant, in Sheboygan, and estimated sales of $22 million. The company makes bottles, wide-mouth containers, medical containers and light industrial parts.

According to Plastics News’ most recent survey of North American blow molders, the company has an estimated 35 machines and 90 employees.

Scandia CEO Lars Graff said in a news release that the family-owned, business, which is more than 30 years old, felt that finding a partner with plastics packaging expertise was important.

Graham Partners, based in Newtown, near Philadelphia, was founded by Donald Graham, who started both a major blow molder and a blow molding machinery firm: Graham Packaging Co. Inc. and Graham Machinery Corp.

This week Donald Graham received a Lifetime Achievement Award from the Society of Plastics Engineers' Blow Molding Division.

Adam Piatkowski, managing principal at Graham Partners, said the firm anticipates “considerable growth” for Scandia, in part thanks to Graham’s industry knowledge.

Graham Partners targets manufacturing or industrial service companies with annual sales of between $30 million and $500 million and profit of between $5 million and $50 million.

The company’s plastics packaging-related holdings include stakes in blow molder Western Industries Inc. and Berry Plastics Group Inc., an injection molder, thermoformer and film extruder that went public on the New York Stock Exchange on Oct. 4.


Comments

Graham Partners buys Scandia Plastics

Published: October 12, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Alex Brands buys iconic Shrinky Dinks toys

December 19, 2014 3:15 pm ET

First Slinky, now Shrinky Dinks. What will toy and games investment firm Alex Brands buy next?    More

Image

Thailand's SCG Chemicals buying Norwegian chemical firm Norner

December 19, 2014 9:11 am ET

Thailand's SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS...    More

Image

BASF to sell its share in Singapore JV

December 19, 2014 8:37 am ET

BASF SE has announced that it has reached an agreement for it to sell its share in the 50-50 joint venture ELLBA Eastern, at Jurong Island, Singapore ...    More

Image

Amcor buys Chinese flexible packaging plant

December 18, 2014 1:47 pm ET

Australian-based global packaging company Amcor Ltd. is buying a Chinese flexible packaging business for 211 million RMB (US$31.4 million).    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

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

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