BDO Capital Advisors Announces Recapitalization of Diamond Packaging Holdings, LLC
Boston, MA - March 21, 2013 - BDO Capital Advisors, LLC, as the exclusive financial advisor to the selling shareholder, is pleased to announce the recapitalization of Diamond Packaging Holdings, LLC. BDO Capital prepared marketing materials, identified and contacted a targeted group of potential buyers/investors and assisted the selling shareholder in determining the most optimal shareholder transition.
Diamond Packaging, based in Rochester, New York, is a leading privately held folding carton and contract manufacturing provider. Tracing its roots back to the Diamond Paper Box Company, founded in 1911, Diamond Packaging also includes Diamond Cartonmaster, founded in 1996, as well as Diamond Contract Manufacturing, which was founded in 1989 (collectively “Diamond” or the “Company”). Over the years, Diamond has grown from a local provider of commodity-type folding cartons to the premier global industry leader in developing innovative and sustainable packaging solutions for the cosmetics and personal care industries. Drawing on more than 100 years in the industry, Diamond has cultivated long-term relationships with leading Fortune 500 companies including Procter & Gamble, L’Oreal, Coty, Elizabeth Arden and Estée Lauder, who rely on the Company for their most important packaging needs.
BDO Capital Advisors was introduced to Diamond via BDO’s Alliance network.