Daily News: November 21, 2014

Deloitte Advises El Dorado in Sale

Deloitte Corporate Finance acted as exclusive financial advisor to El Dorado Paper Bag Mfg. Co., a producer of small format multiwall paper bags, in its sale to Industrial Opportunity Partners, a Chicago-based private equity investment firm. The acquisition closed on Sept. 3, 2014.

“We are pleased to have used our significant experience in the packaging sector to play a part in this transaction,” said Will Frame, managing director, Deloitte Corporate Finance, and head of DCF’s Industrials Group.

“DCF’s deep transaction and industry experience added value throughout the entire sale process. DCF’s sector knowledge was vital to us finding the right partner for El Dorado. Their commitment helped us to achieve our overall goals and shareholder objectives,” said Louie Hall, III, president and CEO of El Dorado.