Pactiv LLC has acquired Interplast Packaging Inc., a division of private equity-backed Keyes Packaging Group. Keyes Packaging is owned by Tricor Pacific Capital. Pactiv is owned by Rank Group Limited, a privately held investment company based in Auckland, New Zealand. Interplast is based in Montreal. Terms of the deal were not released.
Interplast Packaging, Inc. (“Interplast”), a divison of Tricor Pacific Capital’s
portfolio company, Keyes Packaging Group, was recently acquired by an
affiliate of Pactiv LLC. Pactiv is owned by Rank Group Limited, a privately held
investment company based in Auckland, New Zealand. Based in Terrebonne
(Montreal), Canada, Interplast is the leading North American manufacturer of
recycled PET egg cartons used in the packaging of specialty eggs. Interplast
serves customers across the specialty egg supply chain including egg producers,
graders, marketing groups and grocery retailers. The transaction closed on
September 24, 2012.
Keyes Packaging Group (“Keyes”) is a leading manufacturer of specialty packaging
focused on the fruit, egg and wine industries. Keyes’ other operating subsidiaries
include Keyes Fibre and Wrap Pack. Keyes Fibre produces molded fiber trays
for fruit, vegetable, egg and wine packaging. Wrap Pack manufactures specialty
tissues used primarily as protective packaging for pears to prevent damage and
spoilage during storage and shipment.