|By PR Newswire||
|August 7, 2014 05:06 PM EDT||
HOUSTON, Aug. 7, 2014 /PRNewswire/ -- The Sterling Group, a middle market private equity firm based in Houston, Texas, announced that its portfolio company, Saxco International has completed the acquisition of Square Peg Packaging and Printing, LLC.
Headquartered in Horsham, Pennsylvania, Saxco is the market leader in the distribution of rigid packaging for the liquor, wine and craft beer industries. Saxco's partnerships with North American manufacturers and unparalleled sourcing capabilities result in a wide array of customized glass, plastic and closure packaging solutions for their customers. Sterling acquired Saxco in 2011 from Herb and Keith Sachs, members of the founding family. Square Peg is the second add-on acquisition for Saxco in the past year.
Square Peg designs and supplies a variety of customized packaging and commercial printing materials, as well as providing assembly, kitting, contract packaging, design and prototyping services. Square Peg delivers innovative marketing ideas and specializes in improving brand differentiation and consistency for its clients. Square Peg's printing, labeling and design offerings will be a meaningful addition to Saxco's current service offerings to its customers.
"Square Peg's capabilities will strengthen our strategy for custom packaging and services for the beer and beverage industry," said Matthew Malenfant, CEO of Saxco. "We look forward to integrating that expertise with the Saxco scale and services as we become increasingly important to our customers' branding and identity."
John Hawkins, Partner at The Sterling Group said, "The Square Peg addition will be valuable as Saxco continues to enhance its products and services that meet our customers' unique packaging needs. Saxco is well positioned to enter a new period of expansion and growth."
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution and industrial services companies. Typical enterprise values of these companies range from $100 million to $500 million. Sterling has sponsored the buyout of 44 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has $1.0 billion of assets under management through two active funds. Current portfolio companies include CST Industries, Universal Fiber Systems, Express, B&G Crane, Saxco International, Liqui-Box, Dexter Axle, Safe Fleet and Roberts-Gordon.
Past performance is no guarantee of future results and all investments are subject to loss.
SOURCE The Sterling Group
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