State of the Industry: Global Consolidation in Packaging

For many growth-oriented mid-market companies, partnering with private equity offers the opportunity to aggressively seek growth opportunities and fuel expansion using an external infusion of capital. Prominent label converter Fort Dearborn has nearly doubled its yearly revenue since transitioning from a private family-owned business to a portfolio company of Genstar Capital in 2006. Fort Dearborn was sold to KRG Capital this year for a reported 8.0x EBITDA multiple. Flexible packaging company Constantia has likewise pursued aggressive growth since partnering with One Equity Partners in mid-2010.