Generational Equity, a mergers and acquisitions advisor for privately held and family-owned businesses, has announced the sale of its client, Ace Packaging Limited (Ace) to Bellwyck Packaging Solutions (Bellwyck). The transaction closed on November 17, 2011 and was led by managing directors Doug Smith, Mike Hammer, and vice president Michael Goss. “The offer presented by Bellwyck was creative in addressing the needs of the sellers and was structured very effectively to realize the full potential of the synergies of the companies,” said Mike Hammer, generational equity managing director.
In business for over 25 years and headquartered in Ontario, Canada, Ace specializes in the secondary packaging of over-the-counter and prescription pharmaceuticals as well as health and beauty products. Ace operates out of a state-of-the-art 30,000 square foot facility, allowing them flexibility and the ability to achieve the highest levels of customer satisfaction.
“The acquisition of Ace is a great addition to Bellwyck. We will now be able to offer the current customers of both Bellwyck and Ace a broader suite of products and services and continue to expand Bellwycks’ one-stop fulfillment concept.” said Jeff Sziklai, CEO of Bellwyck.
Bellwyck is a Toronto-based manufacturer of premium and pharmaceutical folding cartons specializing in complex production runs in several high-end markets. With the acquisition of Ace, Bellwyck will now have over 300 employees.
“Ace is an excellent acquisition for Bellwyck,” said Generational Equity’s president, Ryan Binkley. “Being able to capitalize on the reputation and customer base will be pivotal in the future growth of Bellwyck in both market share and revenue.”