B. Riley FBR Advises ABC Group on the sale of its Polybottle Division to Consolidated Container Corporation
LOS ANGELES, Nov. 08, 2018 (GLOBE NEWSWIRE) -- B. Riley FBR, Inc., a leading full service investment bank and wholly-owned subsidiary of B. Riley Financial, Inc., served as an advisor to ABC Group, Inc. on the sale of Polybottle Group Limited and Humberline Packaging (together “Polybottle”) to Consolidated Container Corporation.
ABC Group, Inc. is a leading global automotive tier 1 supplying many of the world’s largest automotive OEMs with highly engineered systems and components. Polybottle, founded in 1957, a subsidiary of ABC Group, is a manufacturer of plastic containers serving regional, national and international customers in the food and beverage, household goods, automotive products, industrial products and other end-markets. B. Riley FBR was hired to run a competitive auction process focused on a select group of strategic buyers.
“We’re very pleased to have chosen B. Riley FBR as our advisor during this transaction,” said David Smith, CFO of ABC Group. “Their team’s deep understanding of the packaging business helped us to determine the best buyer for Polybottle and efficiently manage the process.”
“The Polybottle team is an outstanding organization that has built a leading franchise in the Canadian market; it was an honor to work with them and I feel confident that the combination with Consolidated Container will position the business for long-term success,” said Willem Enthoven, Managing Director at B. Riley FBR.
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About B. Riley FBR, Inc.
B. Riley FBR, Inc. is a leading investment bank which provides corporate finance, research and sales and trading to corporate, institutional and high net worth individual clients. Investment banking services include initial, secondary and follow-on offerings, institutional private placements and merger and acquisitions advisory services, and corporate restructuring. The firm is nationally recognized for its highly ranked proprietary equity research.
About B. Riley Financial, Inc. (NASDAQ:RILY)
through its subsidiaries, provides collaborative financial services and solutions tailored to fit the capital raising and financial advisory needs of public and private companies and high net worth individuals. The company operates through several wholly-owned subsidiaries, including , a full-service investment bank and institutional brokerage; , a leading provider of asset disposition, appraisal, corporate advisory and valuation services; , a specialty financial advisory services and consulting firm; , and , which offer investment management to institutional and high net worth investors; , which originates and underwrites senior secured loans for asset-rich companies; and , which invests in or acquires companies and assets with attractive return profiles.
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