January 7, 2015
MOLINE,IL-(Private Equity Professional Digest)-Delos Capital has acquired FCA Packaging, a manufacturer of wood, steel, corrugated or hybrid packaging products used in industrial applications. Delos acquired the business from a group of private investors and partnered with one of the founders as well as senior management in the transaction.
FCA Packaging is a manufacturer of customized and heavy-duty industrial packaging products and include skids, crates, pallets, boxes, and collapsible boxes. The company’s products are used by original equipment manufacturers serving the non-residential construction, heavy duty engines, agriculture, mining and energy industries. FCA also provides value-added services including design, testing manufacturing, container management and tracking, recycle management, and repair & refurbishment. The company was founded in 1985 and is headquartered in Moline, IL (www.fcapackaging.com).
“Delos is excited to partner with the FCA management team for the next stage of the company’s growth,” said Matthew Constantino, managing partner of Delos. “FCA has a long history being a best-in-class provider of comprehensive packaging solutions to its customers. We believe this partnership with management will forge a path toward significant growth.”
Delos Capital invests in lower middle market companies that have EBITDAs of $10 million to $30 million and are active in the chemicals, packaging, industrial, consumer sectors. The firm was founded in 2013 and is based in New York (www.deloscap.com).
“We are excited about the next stage of FCA’s growth and development, and to be partnering with Delos to achieve it. Delos’ experience in growing exceptional companies will allow FCA to take its growth model to the next level,” said Jeff Campagna, Chairman and Founder of FCA.