Daily News: October 29, 2014

Deloitte Advises El Dorado Sale

Deloitte acted as exclusive financial advisor to El Dorado Paper Bag in its sale to Industrial Opportunity Partners, a Chicago-based private equity investment firm. The acquisition closed on Sept. 3, 2014.

“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.

“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 LLC, and head of DCF’s Industrials Group.

El Dorado is producer of small format multiwall paper bags and printed roll stock primarily for consumer use in the flour and sugar markets.

Evanston, IL-based Industrial Opportunity Partners is a private equity investment firm focused.