Richards Packaging Inc.
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Richards Packaging Inc. - overview
Established
1912
Location
Portland, OR, US
Primary Industry
Packaging
About
Richards Packaging Inc. specializes in the design and distribution of packaging solutions, focusing on glass and plastic containers for various industries, including healthcare and food sectors. Founded in 1912 and headquartered in Portland, US, Richards Packaging Inc. has established itself as a key player in the packaging industry, focusing on providing tailored solutions for diverse market needs.
The company has undergone changes in its operational strategies to better serve its customers, but specific details of these pivots are not noted. The firm has completed a total of 3 deals, and in April 2004, it successfully conducted an initial public offering, raising USD 85. 7 mn by offering approximately 8. 57 million trust units at USD 10.
00 each. EdgeStone Capital Partners exited its investment in the company after this round of funding. Richards Packaging specializes in the design, manufacture, and distribution of packaging solutions. Their diverse product range includes glass and plastic containers such as bottles, jars, tubes, and dispensing systems, catering to industries like health and beauty, food and beverage, industrial, and pharmaceuticals.
They serve a wide array of clients, including pharmacies and healthcare providers, with unique offerings like the DISPILL multidose daily dispensing system, emphasizing effective medication management. The company markets its products primarily across North America and selective international markets. In the most recent year of 2021, Richards Packaging reported a revenue of USD 360. 17 mn and an EBITDA of USD 25.
24 mn. Their revenue model is built on both B2B and direct-to-consumer transactions, establishing long-term partnerships with healthcare providers and retailers, which contribute to a sustainable business framework. Richards Packaging aims to continue expanding its market presence by designing new products tailored to meet emerging customer needs. Specific upcoming launches have not been detailed.
The company is also looking to penetrate new geographic regions to broaden its customer base. The proceeds from the IPO in April 2004 are expected to support these strategic initiatives, facilitating growth and innovation in product offerings and market reach.
Primary Industry
Packaging
Sub Industries
Packaging
Website
www.richardspackaging.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Richards Packaging Inc. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IPO | Completed | Richards Packaging Inc. | - | ||||||||
| Buyout | Completed | Richards Packaging Inc. | - | ||||||||
| Unspecified Exit | Completed | Richards Packaging Inc. | - |
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