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New Deal


Announced

Completed

Conner Industries and Anderson Pallet and Crate formed a joint venture.

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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wood crates

Acquisition

Domestic

Joint Venture

United States

Containers and Packaging

wooden pallets

Majority

Completed

Private

Friendly

Single Bidder

Synopsis

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Conner Industries, a provider of industrial wood and packaging solutions, and Anderson Pallet and Crate, a supplier of wood pallets, skids, boxes, and crates, formed a joint venture. Financial terms were not disclosed. "This joint venture with Anderson Pallet and Crate aligns our products and services with the needs of our customers, and is an outstanding strategic development for Conner. The combination of assets will serve as an ideal platform to broaden our reach into the Colorado and front range markets, and exemplifies Conner's commitment to adapting to our customers' ever-changing need for solutions that reduce the total cost of packaging," David Dixon, Conner Industries CEO.

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