The transaction closed on June 28, 2010. Financial terms were not disclosed.
Des Plaines, Illinois-based Cloud Packaging Solutions is a contract packager of food and beverage products and designs and manufactures high-speed packaging equipment. Immediately prior to the sale, Cloud Holdings restructured its remaining contract packaging businesses, transferring its consumer, personal care, OTC & Rx pharmaceutical and industrial contract packaging businesses to its subsidiary, Multi-Pack Solutions LLC.
Brian Lovett, a Cameron Holdings Vice President, said, “This divestiture positions Multi-Pack to continue its organic growth trend and to aggressively pursue add-on growth opportunities in the contract packaging market.”
Mr. Morgan and Ms. Byrne, partners at Gallop, Johnson & Neuman, concentrate their practices in corporate transactions, mergers and acquisitions, antitrust, securities and international law and have served as lead counsel to Cameron Holdings Corporation and its portfolio companies.
Cameron Holdings Corporation, based in suburban St. Louis, is a private equity company that specializes in the acquisition and operation of middle market manufacturing, industrial service and value-added distribution companies. Since its origin in 1978, Cameron Holdings has established a successful track record of acquiring, operating and growing diverse companies in North America, Europe and Australia. Since its inception Cameron has completed 35 transactions with aggregate transaction values exceeding $1.0 billion. Additional information about Cameron is available at cameron-holdings.com/.
Multi-Pack Solutions LLC, based in Des Plaines, IL., is a leading contract packager of consumer, personal care, OTC & Rx pharmaceutical and industrial products with a broad range of packaging, blending and mixing capabilities. Multi-Pack serves customers from seven facilities located in Des Plaines, IL, Mount Prospect, IL Greenville, SC, Winder, GA and Milwaukee, WI. Additional information about Multi-Pack is available at multi-pack.com, spanps.com, and automated-packaging.com/.
Gallop, Johnson & Neuman, L.C. (gjn.com), a full service law firm of 80 attorneys, has provided legal services to clients in diverse industries since 1976 and is one of the largest law firms in St. Louis. The firm serves public corporations, privately-held companies, entrepreneurs and start-up enterprises, individuals and families, trustees and trust beneficiaries, charities, and non-profit entities. For more information about Gallop, Johnson & Neuman, contact Lois A. LaDriere, Director of Marketing, at 314.615.6000 or visit the firm’s website.
Pursuant to Missouri Supreme Court Rule 4-7.2: The choice of a lawyer is an important decision and should not be based solely upon advertisements.