Multi Packaging Solutions, a portfolio company of Irving Place Capital, has acquired certain assets of Ivy Hill Corp., a New York-based supplier of packaging solutions to the multi-media and consumer markets. No financial terms were disclosed.
Multi Packaging Solutions, Inc. (“MPS”), a leader in the packaging industry serving the multi-media, cosmetics, healthcare, horticulture, and value added consumer markets, and a portfolio company of Irving Place Capital, today announced that it has completed the acquisition of certain assets of Ivy Hill Corporation (“Ivy Hill”).
Ivy Hill, headquartered in New York, NY is a supplier of packaging solutions to the multi-media and consumer markets with a long-standing reputation for creativity and innovation. The combination of MPS and Ivy Hill offers customers an unparalleled range of products and technologies, supported by a team of highly talented designers and a manufacturing network of 14 plants throughout the United States.
Marc Shore, Chief Executive Officer of MPS commented, “Ivy Hill is a terrific fit for Multi Packaging Solutions. Their leadership over the years has solidly positioned them as one of the foremost suppliers of packaging to the multi-media and consumer markets. We look forward to working with the Ivy Hill team for continued growth with our current and prospective customers.”
Arthur Kern, President of Ivy Hill, stated, “We are excited about joining Multi Packaging Solutions and working together as a unified team with a shared philosophy of customer focus and manufacturing excellence. With our combined capabilities and experienced industry professionals, we can provide total packaging solutions to our customers.”
Terms of the transaction were not disclosed.
About Multi Packaging Solutions:
Multi Packaging Solutions is a leading packaging company with combined revenue in excess of $500 million. MPS offers an array of packaging for the multi-media, cosmetics, healthcare, horticultural, and value added consumer markets. MPS has 14 production facilities throughout the United States. Founded by Marc Shore with the financial backing of Irving Place Capital, MPS has a seasoned management, sales, and design team with vast experience in packaging. MPS offers its customers a unique depth of industry experience, breadth of technologies and range of resources. More information is available at www.multipkg.com.
About Irving Place Capital:
Irving Place Capital invests private equity capital in compelling buyouts, recapitalizations and growth capital opportunities alongside superior management teams. Irving Place Capital focuses on making control or entrepreneur-driven investments. Since its formation in 1997, Irving Place Capital has been an investor in 68 portfolio companies, and manages over $4 billion, including its current $2.7 billion institutional fund. More information is available at www.irvingplacecapital.com.