Specialty Packaging

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.