Sperry Mitchell Advises KLW Plastics on its Sale to BWAY Corporation
New York, NY (September 13, 2016) – KLW Plastics, Inc. (“KLW”) of Monroe, OH, a portfolio company of KODA Enterprises Group of Waltham, MA, has been acquired by BWAY Corporation of Oakbrook, IL, a portfolio company of Stone Canyon Industries of Santa Monica, CA. Sperry, Mitchell & Company served as exclusive financial advisor to KLW Plastics.
KLW Plastics, Inc. (www.klwplastics.com) is a leading manufacturer of one to seven gallon rigid and semi-rigid tight-head plastic containers, serving the food, chemical and agricultural end-markets. KLW is headquartered in Monroe, OH, with additional manufacturing facilities in Houston, TX and Atlanta, GA.
KODA Enterprises Group (www.koda.com) is a private holding company headquartered in Waltham, MA, that specializes in acquiring and operating middle market companies focused on manufacturing and distributing industrial and consumer products.
BWAY Corporation ( www.bwaycorp.com ) is a leading North American supplier of general line rigid containers. The Company operates 25 plants throughout the United States and Canada, serving industry leading customers on a national basis. BWAY’s rigid metal containers include paint cans, steel pails, aerosol cans, monotop cans, and pour top cans. The Company also manufactures rigid plastic packaging, including pails, drums, and hybrid paint cans.
Stone Canyon Industries, LLC (www.stonecanyonllc.com) is a global industrial holding company based in Santa Monica, CA with subsidiaries involved in the consumer & retail, food & ingredients, industrial, business services and transportation fields. Founded in 2014, Stone Canyon focuses on acquiring market-leading companies with strong management teams in highly defensible industries around the world.
Sperry, Mitchell & Company, Inc. (www.sperrymitchell.com) is an investment banking firm specializing in middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $10 to $450 million.
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