US-based private equity firm Delos Capital has acquired Illinois-based customized and engineered packaging products manufacturer, FCA Packaging, for an undisclosed amount.
The company was acquired from a group of private investors and Delos also partnered with one of the founders and management in the transaction.
Founded in 1985, FCA supplies a range of highly customised, heavy-duty industrial packaging products and services to many original equipment manufacturers which work for industries like non-residential construction, heavy duty engines, agriculture, mining and energy.
Delos managing partner Matthew Constantino said: "Delos is excited to partner with the FCA management team for the next stage of the Company's growth. FCA has a long history being a best-in-class provider of comprehensive packaging solutions to its customers. We believe this partnership with management will forge a path toward significant growth."
FCA chairman and founder Jeff Campagna said: "We are excited about the next stage of FCA's growth and development, and to be partnering with Delos to achieve it. Delos' experience in growing exceptional companies will allow FCA to take its growth model to the next level."
FCA specialises in manufacturing custom engineered skids, crates, pallets, boxes, collapsible boxes and other packaging solutions.
After 2003, the company has added other facilities like design engineering and testing facility in its Coal Valley unit with several more manufacturing sites pending or in construction.
David Wilsted, President and CEO of FCA Packaging added, "We are delighted to partner with Delos to continue to grow our business. Our customers value the innovative packaging products and solutions we provide and our partnership with Delos will allow us to continue to serve these customers in the way they expect, and that adds value to their organization."
Image: FCA specializes in manufacturing custom engineered skids, crates, pallets, boxes, collapsible boxes and other packaging solutions. Photo: courtesy of FCA.
