Hoffmaster Group Acquires Paterson Pacific Parchment Company

February 27, 2023

Hoffmaster Group, Inc. has acquired Paterson Pacific Parchment Company, a Sparks, Nevada-based producer of foodservice paper and parchment products. The transaction is an add-on to Hoffmaster's foodservice platform and was supported by a new equity investment led by Gamut Capital Management alongside existing shareholder Wellspring Capital Management to refinance Hoffmaster's capital structure and support growth.

Buyers
Hoffmaster Group, Inc., Gamut Capital Management, L.P., Wellspring Capital Management, L.P.
Targets
Paterson Pacific Parchment Company
Sellers
Buckley family, Outside shareholders
Platforms
Hoffmaster Group, Inc.
Industry
Manufacturing
Location
Nevada, United States
Transaction Type
Addon

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