Packaging Acquisitions in Oregon

PaperTech, a Findlay, Ohio-based pressed paperboard manufacturer and portfolio company of May River Capital, has completed the acquisition of Bake-Best Trays, a Redmond, Oregon-based maker of ovenable pressed paperboard trays. The add-on expands PaperTech’s tray product lineup and adds susceptor-enabled cooking-performance technologies to broaden its sustainable packaging offering for food processors, distributors and foodservice operators.

Veritiv Operating Company has acquired Subotnick Packaging, a Portland, Oregon-based distributor of packaging products and equipment serving building materials, food, e-commerce, and transportation customers. The acquisition strengthens Veritiv's packaging platform and deepens its presence in the Pacific Northwest while adding complementary product categories including corrugated, strapping, tape, stretch film and packaging equipment.

SupplyOne, a portfolio company of Wellspring Capital Management, has acquired Columbia Corrugated Box Co., Inc., a family-owned corrugated and protective packaging manufacturer operating in Oregon, Washington and Northern California. The transaction — advised on the sell-side by Footprint Capital — expands SupplyOne's West Coast production and distribution footprint and is the 41st add-on to the SupplyOne platform.

Mimir Group has acquired Billerud Managed Packaging in a carve-out divestiture from Swedish paper company Billerud and immediately rebranded the business as Trillora Packaging Solutions. Headquartered in Portland, Oregon, Trillora will operate a global production network across Asia and focus on packaging design, production management, and sustainable packaging solutions for apparel, footwear, sporting goods and other consumer brands.

GELPAC, a North American packaging solutions leader, has acquired Standard Multiwall Bag Mfg. Co., a family-owned manufacturer with production plants in Beaverton, Oregon and Lubbock, Texas. The deal — supported by financing from CDPQ, W Investments and a banking syndicate led by National Bank of Canada and with strategic support from NAMAKOR Holdings — expands GELPAC's production footprint and strengthens its capacity to serve agrifood, pharmaceutical and industrial customers across North America.

US-based food-packaging provider Inno-Pak has acquired compostable packaging manufacturer Stalk Market for an undisclosed sum. The deal brings plant-based, BPI/DIN/OK Compost-certified containers, cups, cutlery and related products into Inno-Pak's portfolio to expand its sustainable packaging offerings across North, Central and South America.