Anduro Expands Reach with Five Star Acquisition
Deal News | Jan 28, 2025 | Croft & Bender LP
Croft & Bender, an investment banking firm based in Atlanta, announced the successful acquisition of its client, Anduro Manufacturing, by Five Star Holding, a portfolio company of TJC. Anduro, a notable supplier of flexible packaging, is recognized for its sustainable packaging solutions in the United States and Latin America, featuring products like laminated woven sacks. The acquisition enhances Five Star's supply reliability and further extends Anduro's commitment to sustainability, leveraging post-consumer resins, compostable films, and closed-loop programs. Anduro's CEO, Marc Datelle, expressed confidence in Croft & Bender's role in securing this strategic acquisition, which supports Anduro's expansion into new markets with a focus on sustainability. Five Star's CEO, Alex Huis in 't Veld, welcomed Anduro, praising its strategic location and the strength it brings to Five Star's commitment to quality and reliability in sustainable packaging solutions.
Sectors
- Packaging and Containers
- Investment Banking
- Private Equity
Geography
- United States – Anduro Manufacturing supplies packaging products in the United States.
- Latin America – Anduro Manufacturing also supplies packaging products in Latin America.
- Honduras – Anduro's strategic location in Honduras is important for its market operations.
Industry
- Packaging and Containers – The article discusses Anduro Manufacturing's role as a leading supplier of flexible packaging solutions.
- Investment Banking – Croft & Bender, an investment banking firm, facilitated the acquisition transaction.
- Private Equity – Five Star Holding, a portfolio company of TJC, is the acquirer in this transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Anduro Manufacturing | Target | Company | A leading supplier of flexible packaging, focused on sustainability. |
| Croft & Bender LP | Investment Banking Advisor | Company | An Atlanta-based investment banking firm that advised on the transaction. |
| Five Star Holding | Buyer | Company | A portfolio company of TJC that acquired Anduro Manufacturing. |
| TJC | Owner of Buyer | Company | The private equity firm that owns Five Star Holding. |
| Marc Datelle | CEO of Anduro Manufacturing | Person | CEO of Anduro Manufacturing, commenting on the acquisition. |
| Alex Huis in 't Veld | CEO of Five Star Holding | Person | CEO of Five Star Holding, welcoming Anduro into Five Star. |