14 Dec Amherst Advises on Sale of PaperTech
Amherst Partners, LLC (“Amherst”) is pleased to announce the sale of Pressed Paperboard Technologies, LLC (“PaperTech” or the “Company”) to May River Capital (“May River”). Amherst acted as the exclusive financial advisor to PaperTech in connection with the transaction.
Founded in 1999, Bingham Farms, Michigan-based PaperTech is a privately-held business that has evolved into a leading provider of sustainable paperboard packaging solutions to blue-chip customers, including international food brands, contract food packagers, food service operations, as well as commercial bakeries, quick-serve restaurants, and “take-and-bake” pizza companies.
Over its history, PaperTech has maintained a rigorous focus on innovation, value, service, and quality, producing over 500 million eco-friendly trays annually. The Company’s products are made from renewable materials and provide customers with economical and sustainable packaging solutions.
About the Transaction
The Company’s founders engaged Amherst Partners to conduct a sale of the business. Amherst’s efforts were focused on finding a well-positioned partner capable of supporting further expansion of the business and capitalize on the market opportunities arising from a consumer shift away from single-use plastic packing to more renewable, sustainable materials.
Amherst managed a comprehensive search which generated significant interest from both strategic and private equity partners. Ultimately the Company elected to pursue a transaction with May River, a firm with deep industrial sector experience and a track record of helping high-growth businesses reach new levels of success.
About Amherst Partners
With a track record that spans over 25 years, Amherst is one of the Midwest’s most reputable boutique investment banking, corporate restructuring, and management advisory firms. Among its core services, Amherst provides middle-market companies with significant financial advisory expertise for business divestitures, acquisitions, capital raises, and other corporate finance transactions. Our professionals share a commitment to developing a trusted advisor relationship with our clients and referral partners and have amassed an extraordinary track record of success, with over 450 domestic and cross-border transactions exceeding $20 billion in total transaction value. Securities related transactions are offered through Amherst’s wholly owned subsidiary, One Amherst LLC, a registered broker-dealer and member of FINRA and SIPC.