Privately held Mid Oaks Investments LLC continues its 25-year history of investing in the food packaging industry with its agreement to acquire CM Packaging Group, through D&W Fine Pack LLC, a Mid Oaks portfolio company. This acquisition will move forward D&W Fine Pack's strategy to become a nationwide distributor of disposable containers and other food packaging for away-from-home and at-home foodservice markets.
CM Packaging, headquartered in Lake Zurich, IL, is comprised of three business units: CM Packaging, Stone Plastics and Packaging Direct Inc. CM Packaging Group is a manufacturer of rigid plastic containers and aluminum containers serving the restaurant, grocery, bakery, produce and food processor markets. The CM Packaging business will complement the D&W product offering, with both stock and custom thermoformed products, and add five manufacturing locations.
CM Packaging Group's CEO, Mark Faber, stated in a release that the "combination of CM Packaging Group and D&W Fine Pack and their collective production and supply network will strengthen the customer service of CM Packaging Group." CM Packaging Group has manufacturing locations in Central Islip, NY; Gladwin, MI; Miami, FL; and Cadiz, KY; and a distribution facility in City of Industry, CA.
D&W Fine Pack's President and CEO, Mark Staton, commented that the company is "focused on being a complete-service provider of foodservice packaging products for its customers. Integrating CM Packaging Group's products will enable the company to offer broad options and versatility to its customers in order to fulfill the emerging needs in the food packaging and foodservice industries."
Following the acquisition, revenues will approach $400 million, and the company will employ 1600 and operate from 11 locations in the U.S. and Canada.