Cloud Holdings LLC, a Cameron Holdings Portfolio Company, Completes Sale of its Food and Beverage Contract Packaging and Equipment Manufacturing Businesses
June 30, 2010
CHICAGO--(EON: Enhanced Online News)--Cameron Holdings (Cameron) announced today that its portfolio company Cloud Holdings LLC has completed the sale of its equity investment in Cloud Packaging Solutions LLC to Ryt-way Industries (Ryt-way), a Wind Point Partners portfolio company. Immediately prior to the sale, Cloud Holdings LLC restructured its remaining contract packaging businesses, transferring its consumer, personal care, OTC & Rx pharmaceutical and industrial contract packaging businesses to its subsidiary, Multi-Pack Solutions LLC (Multi-Pack). Details of the transaction were not disclosed.
Multi-Pack and its subsidiaries Span Packaging Services LLC (based in Greenville, SC), Automated Packaging LLC (based in Winder, GA) and Multi-Pack LLC (based in Milwaukee, WI) will continue to operate the consumer, personal care, OTC & Rx pharmaceutical and industrial contract packaging businesses. With its strong customer and supplier relationships and dedication to quality and service, Multi-Pack remains a leader in the contract packaging industry offering a broad range of packaging, blending and mixing capabilities.
Brian Lovett, a Cameron Vice President, commented, "This divestiture positions Multi-Pack to continue its organic growth trend and to aggressively pursue add-on growth opportunities in the contract packaging market."
About Cameron Holdings
Cameron Holdings is a private equity investment firm that specializes in the acquisition and operation of middle market manufacturing and industrial service companies. Since its beginning in 1978, Cameron has developed a long and successful track record of completing 35 transactions with an aggregate transaction value in excess of $1.0 billion. Additional information about Cameron is available at www.cameron-holdings.com.
About Wind Point Partners
Wind Point Partners is a private equity investment firm with $2.7 billion of capital commitments in active funds. Wind Point focuses on partnering with top caliber CEOs to acquire middle market businesses with a clear path to value creation. Additional information about Wind Point is available at www.windpointpartners.com.
About Multi-Pack Solutions
Multi-Pack Solutions LLC, based in Des Plaines, Ill., is a leading contract packager of consumer, personal care, OTC & Rx pharmaceutical and industrial products with a broad range of packaging, blending and mixing capabilities. Multi-Pack serves its customers from 7 facilities located in Des Plaines, IL, Mount Prospect, IL Greenville, SC, Winder, GA and Milwaukee, WI. Additional information about Multi-Pack is available at www.multi-pack.com, www.spanps.com, and www.automated-packaging.com.
Contacts
Cameron Holdings
Brian Lovett, 314-984-0700
blovett@cameron-holdings.com
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