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Mirus advises Amcel on sale to Tyco Plastics

AMCEL-tyco

Tyco Plastics has acquired Amcel, a leading manufacturer of plastic products including a full line of bulk plastic cutlery, industrial liners, and polyethylene bags. Mirus Capital Advisors represented the Gordon family, which has owned the business since 1965, on the transaction.

Amcel (formerly American Cellophane) was a family-owned manufacturing company at the forefront of technical, product, and marketing innovation in the plastic film industry for over 30 years. With operations in Watertown, Massachusetts, and Louisville, Kentucky, Amcel was a leading provider of products to the food service industry.

When a family crisis required that the CEO spend more time at home, the family decided to sell the business, with the stipulation that the third generation family members would be able to continue as a part of the management team post-transaction. Mirus assisted the family with developing a comprehensive strategy for liquidity and wealth management, then approached a select group of buy-out firms and strategic buyers. Ultimately, a competitive bidding process resulted in several lucrative offers, including an attractive proposal from Tyco Plastics that preserved much of the Company’s autonomy while providing the family shareholders with liquidity at an attractive price.

About Mirus Capital Advisors

Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer products, health care and the resort & hospitality industry. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations and valuations. For additional information, visit www.merger.com.

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