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Announced

Completed

Astara Capital completed the acquisition of Garlock's packaging operations.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private Equity

Single Bidder

packaging solutions

Private

Completed

Majority

Domestic

Friendly

United States

Containers and Packaging

Synopsis

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Astara Capital, a private equity firm, completed the acquisition of the packaging operations of Garlock Printing & Converting, a provider of flexographic printing and converting of lightweight packaging. Financial terms were not disclosed. "We are excited to be partnering with Pete and the great team he has built at Garlock. Garlock is a valued partner to its customers and suppliers, and this transaction will allow the Company to focus on its core flexible packaging business," Michael Ranson, Astara Managing Partner.

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