Vancouver, Washington based Pac Paper Inc. has been a leading provider of paper products for food service, food processing and agricultural packaging, industrial packaging, and contract converting and printing grade markets.
Founded in 1976, Pac Paper has grown into one of the leading players in several product niches, serving both regional and national customers.
The family ownership group decided to pursue a sale based on inbound interest from several potential buyers.
Several owners were active in management and desired to continue in executive roles with the company.
Management had strong concerns about confidentiality in a highly-competitive market.
Cascadia launched a limited M&A process focused on several key buyers where strategic rationale, cultural fit and financial wherewithal were apparent.
Through a competitive bidding process with a small subset of buyers, Pac Paper was able to obtain an attractive valuation and terms for both the ownership group and continuing management.
Pac Paper was acquired by Packaging Dynamics, a portfolio company of Kohlberg & Company.