Ancor Capital Buys FCA Packaging

Ancor Capital Partners has acquired FCA Packaging Products LLC, a Moline, Ill.-based maker of industrial shipping containers. No financial terms were disclosed. William Blair & Co. advised FCA on the sale.

PRESS RELEASE

Ancor Capital Partners is pleased to announce the acquisition of FCA Packaging Products. FCA provides packaging services and solutions for heavy duty industrial applications through nine plants across the United States employing in excess of 550 people. The company serves many of the world’s leading OEMs manufacturing unique products, including customized skids, crates, and boxes from wood and
engineered wood as well as steel and corrugate. The company supports its packaging products with an array of value-added services including design, manufacturing, testing, storage management, container tracking, bar coding, recycle management, and repair/refurbishment. FCA provides an exceptionally responsive and flexible manufacturing and value-added service model for OEMs.

“The outsourcing model that FCA has created in partnership with its customers is a recurring theme through many of Ancor’s portfolio companies,” states J. Randall Keene, Founding Managing Partner of Ancor Capital. He continued, “Ancor established Avail Medical, which became the largest finished device outsourcing company in the industry, and we see the same opportunity to further develop FCA in its market.”

FCA’s co-founder, Jeff Campagna, says, “We’re very excited to partner with Ancor. They truly understand the dynamics of building value, and we’re confident they’ll help FCA achieve our growth objectives.”

Ancor Capital Partners, based in Fort Worth, Texas, is an operations-oriented private equity firm focused on lower middle-market manufacturing and distribution companies with EBITDA of $5-$15 million. Extensive operational experience gives the Ancor team a unique understanding of the critical business issues faced by lower middle-market companies. Ancor’s proven track record includes 22 acquisitions to date in health care, food processing, outsourcing, and other industries.