Paper and Packaging

The paper and packaging industries are distinguished by a number of challenging characteristics, including:

• A difficult macroeconomic environment
• Cyclical financial results
• The limitations of dealing with commodity, and in many cases, mature products
• High levels of capital spending

These factors add substantial complexity to the task of valuation, of determining appropriate capital structures and of attracting outside capital to the industry.

We address these challenges in a number of ways:

• With unparalleled knowledge of the industry, from a micro-level understanding of the economics of the manufacturing process to a broader macroeconomic perspective of the various product grades, converting processes and distribution channels
• By understanding the detailed financial results of our clients, with a particular focus on costs, contribution margins and cash needs
• With current knowledge of those financial sponsors, industry participants and entrepreneurs willing to invest in the industry

Please view the following case studies:

• Badger Paper Mills
• Bowater/Great Northern Paper
• Curtis Papers' Port Huron Mill
• Finch, Pruyn & Company
• Longview Fibre
• Repap Enterprises
• Smurfit-Stone Container (Ad-Hoc Group of Preferred Equity Holders)
• St. Laurent Paperboard