Tharco Buys Design Packaging

Tharco Containers Inc., a packaging portfolio company of Tricor Pacific Capital, has acquired Design Packaging Inc., a Lithonia, Ga.-based independent sheet plant. In conjunction with the deal, Tharco completed a recapitalization that included a $145 million senior secured credit facility led by GE Antares Capital and GE Capital Markets. Subordinated financing was provided by S.A.C. Capital Advisors.