El Dorado Packaging, Inc.
IOP Fund II
Acquisition Date: | September 2014 |
Status: | Exited |
Headquarters: | Rosemount, MN |
Exit Date: | April 2021 |
Acquirer: | ProAmpac Holdings Inc. |
Add-on Acquisitions: | Executed add-on acquisitions during IOP ownership |
Description
Packaging platform company that was formed through the acquisition and carve-out of the Multiwall Packaging Division of Greif, Inc. and the acquisition of El Dorado Paper Bag Manufacturing Co. El Dorado produces large and small format multiwall paper bags for the agricultural, flour, sugar and pet food markets.
Operating Thesis
Supplement and provide leadership to existing management team
Create fundamental improvement in operating performance:
- Develop stand-alone operational and administrative functionality
- Implement operations/cost-structure improvements
- Realize operational, selling and scale advantages of the platform company
- Execute on identified growth opportunities in existing and new markets