BDO Capital Advises Phenix Specialty Films on the sale to a newly formed ESOP

Elberfeld, IN – January 1, 2025 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce that Phenix Specialty Films, Inc. (Phenix or the Company) has sold 100 percent of its stock to a newly formed Employee Stock Ownership Plan. BDO Capital served as the exclusive financial advisor to Phenix on this transaction, which builds on the firm’s experience working with founder-led companies in the food packaging industry. Managing Director Blake Head and Vice President Adnan Muminovic led the client engagement for BDO Capital.

Phenix Specialty Films, Inc., comprised of Phenix Flexibles-a custom food packaging provider-and Phenix Engineering-a comprehensive equipment service company-ensures that its packaging products are compatible with clients' equipment, backed by exceptional service and support. Leveraging a robust network of plastic film manufacturers and printing partners, Phenix can print, store, and deliver custom packaging to meet clients' needs, regardless of their location.

Phenix Specialty Films logo.

Phenix wasn't seeking an exit plan, but the owners wanted to reward employees for their dedication. What began as an idea became a 100% employee-owned company in 18 months. We didn't know we needed BDO Capital, but it was the best decision we made. From start to finish, their professionals handled complex information and decisions. Their work ethic was extraordinary, even after office hours. BDO Capital is the big brother you've always wanted.

Joe Dobinski
Co-CEO of Phenix Specialty Films, Inc.