Salt Creek Capital has acquired Rancho Cucamonga, California-based Pacific Paper, a provider of paperboard sheets to packaging and commercial printing customers. No financial terms were disclosed.
Menlo Park, California – August 26, 2016 – Salt Creek Capital, in partnership with Bill Donahue, is pleased to announce the acquisition of Pacific Paper, the leading provider of paperboard sheets to packaging and commercial printing customers in Southern California. Pacific Paper is based in Rancho Cucamonga, CA, home to their administrative office and converting facility.
Donahue, who will serve as CEO of the company, stated “We have acquired an outstanding company whose solid history of growth is based on an unwavering commitment to quality and customer service. I am excited to join Pacific Paper and look forward to working with our talented employees to continue creating value for our diverse customer base. Supporting our efforts will be the expertise and resources of Salt Creek Capital, who specializes in helping companies like ours reach their full potential.”
Joe Gulstine, founder of Pacific Paper, stated, “I am proud of the Pacific Paper team and the strong reputation the company has earned. With Bill’s 30 years of industry experience, I am confident in his ability to lead Pacific Paper in its next phase of growth. As a retiring owner, my confidence in the next generation of leadership to continue serving our customers and providing for our employees was crucial to the transaction.”
Salt Creek’s Managing Director, Dan Phelps, added, “Pacific Paper is a well-established market leader, and we are delighted to partner with Bill to position the company for continued success. We are impressed with the company Joe has built and appreciate his support in completing the transaction.”
About Pacific Paper
Pacific Paper converts and markets custom size sheets of various grades of paperboard to packaging manufacturers and commercial printers throughout Southern California. Through a substantial investment in inventory as well as strong support from its network of suppliers, the company provides best-in-class value to the 100+ customers it serves on a regular basis. More information is available at www.pacificpaper.com
About Salt Creek Capital
Salt Creek Capital is a San Francisco Bay Area-based private equity firm partnering with experienced operating executives to acquire profitable companies with up to $100 million in revenue. Salt Creek takes a long-term approach to investing in lower middle market businesses and seeks to create value by working closely with management teams to accelerate growth and to improve the operating efficiency of its portfolio companies. More information is available at www.saltcreekcap.com.