Charleston, SC, November 2019
AmerCareRoyal (“ACR”), backed by HCI Equity Partners, announced it has acquired McNairn Packaging (“McNairn” or the “Company”) on November 25, 2019. ACR is a leading provider of disposable products used in the foodservice, janitorial, sanitation, industrial, hospitality and medical industries. The acquisition further diversifies AmerCareRoyal’s supply base and provides complementary new product categories. Financial terms of the transaction were not disclosed.
Founded in 1882, McNairn Packaging is a market leading provider of specialty paper packaging products to national food chains and distributors in North America. The Company’s products include paper and foil sheets, bags and interfolds. McNairn has operations in Whitby, Ontario and Westfield, Massachusetts.
“The acquisition of McNairn Packaging will provide AmerCareRoyal with an expanded offering of paper and other foodservice products not currently in our product portfolio. The addition of these products and the wealth of knowledge the McNairn team has in this product area will further extend our ability to service AmerCareRoyal customers with an even wider range of product solutions,” said Ty King, CEO of AmerCareRoyal.
“HCI is pleased to support AmerCareRoyal in the acquisition of McNairn, the sixth in five years,” said HCI Managing Partner Doug McCormick. “McNairn brings complementary relationships, products and geographic coverage, as well as additional scale, with the combined entity expected to generate proforma revenues in excess of $500 million.”
Greenberg Traurig served as legal counsel to AmerCareRoyal. PWC Corporate Finance served as the financial advisor to McNairn.
AmerCareRoyal is a single stream resource for over 6,000 disposable products used in the foodservice, janitorial, sanitation, industrial, hospitality and medical industries. Headquartered in Charleston, SC, AmerCareRoyal supplies cutlery, straws, gloves, point of sale products, napkins, and eco-friendly products from multiple shipping points across the United States. ACR’s family of companies service national level customers with outstanding customer service and an ever-growing product line. For more information, please visit www.amercareroyal.com.