Box-Board Products Inc., a portfolio company of Trivest Partners, has acquired B&N Containers Inc., a maker of custom corrugated boxes for the Southern Virginia region. No financial terms were disclosed.
Trivest Partners (“Trivest”) today announced that its affiliate, Box-Board Products, Inc. (“Box-Board”), has acquired B&N Container Inc. d/b/a Sun Container, Inc. (“B&N” or the “Company”). B&N is a manufacturer of custom corrugated boxes serving primarily the Southern Virginia area. Trivest acquired a majority stake in Box-Board from the Ingram family in October 2006.
Rodney Ingram, CEO of Box-Board said, “We are very excited about the addition of B&N to the Box-Board platform. The B&N acquisition increases Box-Board’s presence in Southern Virginia and North Carolina. We are very excited about the growth prospects for B&N and look forward to the Company’s continued success.”
Troy Templeton, Trivest Managing Partner and Box-Board’s Chairman stated, “The acquisition strategy for the Box-Board platform is to acquire well run corrugated manufacturers that complement and expand the geographic footprint of our business. The B&N acquisition fits nicely within this strategy and provides Box-Board with strong customer relationships in an attractive market. The transaction is also consistent with Trivest’s long-standing investment strategy to acquire well run, founder-owned businesses in the Southeastern United States.”
Trivest Partners, L.P., a private investment firm, is a leading provider of equity for lower middle-market corporate acquisitions, recapitalizations and growth capital financings. Since its founding in 1981, Trivest has sponsored more than 145 acquisitions and recapitalizations, totaling more than $4.0 billion in value. For more information, please visit www.trivest.com.