Valencia, California — Canyon Plastics, Inc. (“Canyon” or the “Company”) has been acquired by VPET USA, LLC (“VPET”), a portfolio company of Graham Partners (“Graham”). FocalPoint Partners (“FocalPoint”) served as exclusive financial advisor to Canyon.
Based in Valencia, California, Canyon is a full-service manufacturer of high-quality blow-molded, stretch-blow-molded, and injection-molded HDPE and PET plastic products. Canyon’s comprehensive mix of products and custom capabilities allows it to meet a diverse range of needs across multiple high-value end markets, including consumer-packaged goods such as vitamins, protein powders, supplements, and nutraceuticals, as well as a growing portfolio of specialized engineered products for the medical device and aerospace and defense sectors. Canyon’s unrelenting focus and 20+ year history of providing best-in-class product development, exceptional client service, and value-added manufacturing expertise, has resulted in the Company becoming a category leader with long-term customer relationships and profitability margins more than twice that of the industry average.
“Canyon takes pride in delivering a comprehensive suite of HDPE and PET solutions to customers across a wide range of end markets. We look forward to working closely with Graham and the VPET team to continue to build valued customer relationships and execute upon near-term expansion initiatives,” said Canyon’s President and CEO Kirit Gajera. “I am extremely grateful to the FocalPoint team for their guidance through this deal. Their sector expertise and ability to create a robust marketing process while managing a very thorough diligence undertaking created immense value for shareholders.”
Managing Director Michael Del Pero, who leads FocalPoint’s Specialty Industrials Group, said, “We are thrilled to have worked with the Canyon, VPET, and Graham teams to bring these two high-profile companies together. This is a great example of how FocalPoint is able to leverage its industry expertise to execute a transaction between two strategically complementary companies and create significant value for everyone involved. This also marks another successful transaction in the packaging and plastics sector for FocalPoint, which has long been an important subset of the firm’s broader Specialty Industrials coverage efforts.”
FocalPoint Co-founder and Managing Partner Nishen Radia added, “We are thrilled to have successfully advised Kirit on this transaction and wish him and the VPET team the best for the future.”
About Canyon Plastics
Based in Valencia, California, Canyon is a full-service designer and manufacturer of low, medium, and high volume blow-molded, stretch-blow-molded, and injection-molded plastic products. The Company was founded in 1982 and has an employee base of over one hundred. To learn more, visit canyonplastics.com.
About VPET USA
VPET is a provider of plastic containers primarily used to package food and beverage products. VPET, headquartered in Fontana, California, benefits from multiple conversion-driven growth catalysts, including brand proliferation in the food and beverage industry, growth in the direct-to-consumer and e-commerce channels and the continued conversion to PET plastic for wide-mouth packaging. To learn more, visit vpetusa.com.
About Graham Partners
Graham Partners is a private investment firm focused on investing in technology-driven companies that spur innovation in advanced manufacturing, resulting in product substitutions, raw materials conversions, and disruptions to traditional end markets. Graham Partners can offer control or minority capital solutions and typically targets companies with EBITDA up to $50 million. Since the firm’s founding in 1988 by Steven Graham, Graham Partners has closed over 130 acquisitions, joint ventures, financings, and divestitures. The committed capital raised since inception through the Graham Partners funds, together with Graham-led co-investments, totals approximately $3.5 billion, which differs from Regulatory Assets Under Management. Investors include high-net-worth individuals, college and university endowments, foundations, public and private pension plans, funds-of-funds, and other institutional investors. Based in suburban Philadelphia, the firm has access to extensive operating resources and industrial expertise and is a member of The Graham Group, an alliance of independent operating businesses, investment firms, and philanthropic entities, which all share in the common legacy of entrepreneur Donald Graham. To learn more, visit grahampartners.net.
About FocalPoint Partners
FocalPoint is an independent investment bank specializing in mergers and acquisitions, private placements (both debt and equity), financial restructurings, and special situations transactions. With offices in Los Angeles, Chicago, Dallas, New York, and Shanghai, the firm provides financial advisory services to middle market clients and has a dedicated Specialty Industrials practice. Since its inception in 2002, FocalPoint has completed transactions with an aggregate value of more than $17 billion. For more information, please visit focalpointllc.com and follow us on LinkedIn and Twitter.
Please contact Michael Del Pero, Managing Director, at 310-405-7005, or Nishen Radia, Managing Partner, at 310-405-7040, or Shahriar Attaie, Director, at 310-405-7045 for more information regarding this transaction.