Specialty Packaging

Alpha Packaging
Sold: September 2010

Alpha was a leading manufacturer and decorator of blow molded plastic bottles and jars for the nutritional supplement, pharmaceutical, personal care, hotel amenities and niche food and beverage industries. In addition to manufacturing, Alpha Packaging possessed tool-making capabilities, from unit body cavity molds to complete high-cavity production tooling. It also offered in-house design on CAD/CAM systems, serving as a strategic industrial design partner for customers in a variety of industries. Alpha sold a substantial amount of its products through leading distributors and also maintained a network of international distributors in key markets. Alpha’s history of rapid growth continued under its Stonebridge partnership, acquiring four companies that broadened Alpha’s product and geographical scope and constructing four greenfield manufacturing facilities. As a result, revenue tripled to $135 million and EBITDA grew by almost four times during Stonebridge’s five-year involvement.

Delta Plastics, Inc.
Sold: September 2005

Delta, based in Hot Springs, Arkansas, with a captive technology center in La Mirada, California, was a leading manufacturer of plastic packaging, specializing in injection-molded jars and caps utilized primarily for personal care and food-related products. Other markets included medical, pharmaceutical, vitamins and nutritional supplements and household chemicals. Delta, with annual sales of approximately $50 million at the time of sale, was founded in 1991 by a group of operating executives with considerable experience in the injection-molding industry. The Company’s strong management team was highly successful in building an extraordinary company with state-of-the-art plants and equipment. Delta’s unique ability to design and manufacture its own molds and materials handling equipment was a critical element of its sustainable competitive advantage.

Winkler/Flexible Products, Inc.
Sold: September 1989

Winkler was the leading manufacturer and supplier of plastic cutlery and straws to the U.S. food service industry. The company was a turnaround investment purchased from a large private company without senior management. Stonebridge brought in a new management team with substantial industry experience. Management significantly enhanced Winkler’s profitability through operating improvements, product reengineering and substantial investment in state-of-the-art injection molding equipment. One add-on acquisition was completed during Stonebridge’s ownership of the company. The company had annual sales in excess of $80 million at the time of its sale.

Alpha Cellulose Corporation
Sold: August 1996

Alpha Cellulose was the leading worldwide manufacturer of cotton fiber pulp used by specialty paper mills in the production of fine writing and printing paper. Alpha Cellulose operated a state-of-the-art pulp mill, the result of years of investment in technology, processes and equipment tailored to cotton-based paper products. The company had revenues of approximately $50 million at the time of sale.

PROMA Technologies
Sold: July 2005

PROMA Technologies was acquired in concert with management in January 2000 from Royal Packaging Van Leer NV. PROMA was a manufacturer of metallized paper and holographic paper used in gift wrap, labels, and other consumer packaging applications. PROMA had state-of-the-art manufacturing facilities and was the worldwide low cost producer. The company had a significant and sustainable cost advantage, superior quality and service, and an exceptional management team. At the time of sale, PROMA had revenues of $45 million.