The transaction demonstrates PKF Investment Banking’s expertise in identifying the optimal strategic partner and maximizing value through a global auction process
PKF Investment Banking, the investment banking affiliate and subsidiary of PKF O’Connor Davies Advisory LLC, announced today that it represented Reef Industries Inc. (“Reef Industries” or the “Company”) in the sale of its business to Inteplast Group.
“We’re delighted to have acted as the exclusive financial advisors to the shareholders of Reef Industries on this transformative transaction,” said Alberto Sinesi, Director at PKF Investment Banking. “Our team succeeded in managing a comprehensive global auction process efficiently while achieving the shareholders’ primary objectives – maximizing value, ensuring the continuity of the Company’s legacy and positioning the business for future growth.”
Headquartered in Houston, TX, and founded in 1957, Reef Industries is the category leader in the manufacturing of premium-quality reinforced plastic films, laminates and tapes critical to a wide range of applications and end markets, including maintenance and repairs of industrial and commercial buildings, freight transportation, telecommunications/datacenters, HVAC services, utility infrastructure and many other growing industry segments. Reef Industries’ product portfolio encompasses barricade tape, concrete curing covers, agriculture covers, tarps, liners, vapor retarders, packaging and more. The products are sold under the well-known trademarks Armorlon®, Permalon®, Griffolyn®, Banner Guard® and Terra Tape®.
Established in 1991, Inteplast Group is a leading integrated plastics and paper manufacturer with presence across diverse markets including healthcare, food service, packaging, building products, grocery, retail, sanitation, industrial and graphic arts. Headquartered in Livingston, NJ, Inteplast Group employs over 9,000 employees and operates more than 60 facilities worldwide, including their flagship manufacturing complex in Lolita, TX.
“The PKF Investment Banking team provided invaluable experience and continuous support throughout our entire engagement and their collaboration proved indispensable to the ultimate success of this transaction,” said Troy Taylor, President of Reef Industries. “At this pivotal time in Reef Industries’ history, Inteplast Group is the ideal strategic partner. This acquisition will serve as a catalyst for our Company’s continuing evolution.”