TRANSACTIONS
ADVISER TO LABEL-AIRE, INC.
Grand Avenue Capital was engaged by the shareholders of Label-Aire, Inc. to sell the company that has production facilities in Fullerton, California and Imola, Italy.
The acquirer is Formosa Flexible Packaging America Inc.
Formosa Packaging was founded in 1963 in Taipei as the first flexible packaging company in Greater China. The resulting holding company has grown globally with over 50 subsidiaries and 139 associated companies across various industries including automobile, food, finance, real estate, packaging and other manufacturing entities.
Formosa manufactures fill, seal and cap machinery as well as a wide variety of flexible packaging products and raw materials for pouches, gusset and flat bottom bags, shrink sleeves and labels, and roll stock for these applications. The fit with Label-Aire makes strategic sense.
During the highly confidential marketing campaign conducted by Grand Avenue, discussions were held with a number of strategic and private equity investors throughout the USA and internationally. Ultimately, Grand Avenue secured substantial interest from 4 strategic parties, choosing Formosa Flexible Packaging as the best fit for Label-Aire’s manufacturing employees and facilities.
Grand Avenue Capital negotiated the transaction on behalf of the Label-Aire shareholders, coordinating financial, due diligence for Formosa, operational and tax analyses, and legal support for the company.
About Grand Avenue Capital Investment Bankers
Grand Avenue Capital is an investment banking firm focusing on middle-market merger / acquisitions (both buy-side and sell-side engagements), private placements of capital for growth opportunities, valuations and strategic investment advisory services in various industry sectors. Grand Avenue Capital's culture embraces teamwork, tenacity, perseverance and creativity to provide our domestic and international clients exceptional value, delivering skillful positioning and relentless execution. Grand Avenue Capital becomes a trusted adviser to its clients as its team members have owned and operated companies of the type and size the firm seeks as clients.
Based in Pasadena, California and Chicago, Illinois, Grand Avenue Capital has provided investment banking services in many offshore environments; its experience includes managing engagements with private companies with revenues in excess of $USD 2 billion in Europe, Asia, Mexico and the Middle East. Its practice in the US are those companies with revenues up to $200 million. Our first offshore project included the sale of a German manufacturer in Hamburg, Germany in 1979.