Genstar Capital Completes Acquisition of Fort Dearborn Company
6/30/2006
For additional information:
Genstar Capital
Chris Tofalli
(914) 834-4334
ctofalli@gencap.com
SAN FRANCISCO—June 30, 2006—Private equity firm Genstar Capital, LLC today announced that it has finalized the acquisition of substantially all the assets of Illinois-based Fort Dearborn Company, a leading provider of decorative labels to the consumer goods industry.
As part of the transaction, Fort Dearborn’s chief operating officer, Michael Anderson, has assumed the role of president and chief executive officer. Richard Adler, Jr., the company’s previous president and chief executive officer will maintain a position on Fort Dearborn’s board of directors and will serve as an advisor to the company.
“For the past 80 years, the management and associates of Fort Dearborn have made a commitment to delivering unparalleled value to our customers,” said Anderson. “Genstar’s investment in Fort Dearborn speaks to the extraordinary service, technical expertise, and innovative products our company offers, as well as Fort Dearborn’s ability to grow profitably in established and new markets.”
Founded in 1925 by Nick Adler, Jr. as a single press shop in Chicago, Fort Dearborn specializes in cut and stack, pressure sensitive, and shrink sleeve label solutions for the beverage, food, household products, paint and coatings, personal care, and private label/retail markets. Today, Fort Dearborn operates out of six facilities nationwide and is headquartered in Elk Grove, Ill.
“After evaluating opportunities in the decorative label industry for the past year, Genstar believes that Fort Dearborn is well-positioned for long-term success,” said Richard Hoskins, managing director of Genstar Capital. “Not only does Fort Dearborn provide its customers with high-quality products and services, but the company also has an experienced management team with the ability to execute and integrate add-on acquisitions effectively.”
About Fort Dearborn Company
Fort Dearborn Company (www.fortdearborn.com) is a leading supplier of high-impact decorative labels for the beverage, food, household products, paint and coatings, personal care, and private label/retail markets. Headquartered in Illinois, the company has six facilities in the United States, employing nearly 800 associates.
About Genstar Capital, LLC
Based in San Francisco, Genstar Capital (www.gencap.com) is a private equity investment firm that makes leveraged investments in quality middle-market companies. Genstar Capital works in partnership with management to transform its portfolio companies into industry-leading businesses. With more than $900 million of committed capital under management and significant experience investing in businesses, Genstar focuses on selected segments of the life sciences, business services, and industrial technology sectors.