Sun Capital To Merge Units Into $2.5B Packaging Powerhouse

Law360, New York (May 2, 2013, 2:10 PM EDT) -- Private equity house Sun Capital Partners Inc. is rolling five packaging companies in its portfolio into a single unit expected to churn out $2.5 billion in annual revenues, which would place it among the world’s top plastic packagers, according to a late Wednesday securities filing.

The Florida-based investment firm has long prioritized packaging assets in its acquisition strategy. Its new company, to be called Exopack Holdings Corp., will be formed by uniting Sun Capital’s existing Exopack unit with a quartet of other packagers — Kobusch Sengewald...
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