Pressed Paperboard Technologies LLC
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Pressed Paperboard Technologies LLC - overview
Established
1999
Location
-, MI, US
Primary Industry
Packaging
About
Pressed Paperboard Technologies LLC specializes in sustainable dual-ovenable paperboard packaging solutions, providing recyclable trays for various food applications, including frozen foods and take-and-bake pizza. Founded in 1999 and based in the US, Pressed Paperboard Technologies LLC focuses on sustainable packaging. The company underwent a significant change when it was acquired by May River Capital in December 2020. The current CEO is James Morgan.
Papertech specializes in sustainable dual-ovenable paperboard packaging solutions, focusing on recyclable trays for frozen foods, take-and-bake pizza, and grab-and-go meals. Their product range includes customizable trays that enhance product visibility, catering to markets such as quick-service restaurants and food service entities across North America, Europe, and Asia. The revenue model is primarily based on B2B transactions with food service companies and retailers, focusing on bulk orders of sustainable packaging solutions. Clients order customized trays that align with their branding needs, structured around direct sales agreements, emphasizing the economic viability of high-volume packing solutions.
The recent acquisition in December 2020 is expected to support Pressed Paperboard Technologies LLC's growth initiatives. The company plans to expand its product line with new sustainable packaging solutions and target new markets within Europe and Asia by 2023.
Current Investors
May River Capital
Primary Industry
Packaging
Sub Industries
Packaging, Paper/Soft Products
Website
www.papertrays.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Pressed Paperboard Technologies LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Bake-Best Trays | - | ||||||||
| Buyout | Completed | Pressed Paperboard Technologies LLC | - |
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