The Open Approach (TOA), Westmont, Ill., facilitated the considerations, negotiations and ensuing acquisition of Fort Dearborn Company by Genstar Capital. The three-month acquisition of the $190 million label and packaging printer gives Genstar a profitable platform company to enter the lucrative marketspace and pursue aggressive growth through additional development and bolt-ons. The investment provides Fort Dearborn Company funding to capitalize on new opportunities, while delivering higher returns to company shareholders, as well as a more expansive product/service offering to its nationwide customers.
“The Fort Dearborn acquisition provides a lucrative base for a strong, nationwide buildout and significant shareholder gains,” added Richard Hoskins of Genstar Capital. “We will definitely consider opportunities from TOA in the future.”
As part of the agreement, Fort Dearborn Company will continue to operate under the direction of its current management team. A recognized leader in printed-label solutions for the food and beverage, personal care, and household products markets, the company is headquartered in Elk Grove Village, Ill., and has five additional printing plants across the country.
“We are extremely pleased with the potential this deal provides,” said Mike Anderson, CEO of Fort Dearborn Company. “TOA made the process seamless and beneficial to all parties, and we would recommend them to any enterprise seeking ideal investments to fuel growth.”
Visit www.theopenapproach.net for more information.
