Handgards Expands with Inno-Pak Acquisition
Deal News | Feb 12, 2025 | Wynnchurch Capital
Handgards, LLC, a leading distributor of foodservice products and a portfolio company of Wynnchurch Capital, has acquired Inno-Pak, LLC, a North American innovator in sustainable food packaging. Inno-Pak, known for its extensive range of patents, enhances Handgards' offerings in the foodservice, grocery, convenience store, and hospitality sectors. This acquisition is seen as a significant move to enhance Handgards' sustainable solution portfolio and service offerings while capitalizing on industry trends towards consumer convenience and health. Wynnchurch Capital, supported by financial advisor Goldman Sachs and legal advisor Foley & Lardner, views this acquisition as strategically aligning with their growth objectives in key markets. Emerald Lake Capital Management, Inno-Pak's former owner, aligns with its focus on businesses with sustainable growth and competitive advantages.
Sectors
- Private Equity
- Foodservice and Packaging
Geography
- United States – Both Handgards and Inno-Pak operate within the U.S., with respective headquarters in Texas and Ohio. Wynnchurch Capital is headquartered in Illinois.
- Canada – Wynnchurch Capital has an affiliate in Canada, indicating cross-border interests in their investment strategy.
Industry
- Private Equity – Wynnchurch Capital and Emerald Lake Capital Management are private equity firms involved in the acquisition transaction.
- Foodservice and Packaging – Handgards and Inno-Pak are both involved in the foodservice and packaging industry, with Inno-Pak's specialization in sustainable packaging solutions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Handgards, LLC | Acquirer | Company | A leading distributor of foodservice products and a portfolio company of Wynnchurch Capital. |
| Inno-Pak, LLC | Target Company | Company | A leader in innovative and sustainable food packaging, now being acquired by Handgards. |
| Wynnchurch Capital, L.P. | Private Equity Owner | Company | Middle-market private equity firm and the owner of Handgards, backing the acquisition of Inno-Pak. |
| Emerald Lake Capital Management | Selling Company | Company | Previous owner of Inno-Pak, focusing on investments in capital-efficient businesses. |
| Goldman Sachs & Co. LLC | Financial Advisor | Company | Provided financial advisory services to Wynnchurch Capital for this acquisition. |
| Foley & Lardner LLP | Legal Advisor | Company | Provided legal advisory services to Wynnchurch Capital for this acquisition. |