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Business Description:
Tharco is the premier independent manufacturer and distributor of a broad range of value-added corrugated, foam and plastic packaging solutions for a variety of customers and end markets.
Reason for Sale:
Tharco was owned by a private-equity firm who decided to monetize their investment.
Transaction Success:
Tricor emerged the successful acquirer of Tharco by capturing the confidence of the management team. Tricor worked within the tight process timeline set by the sellers and investment bankers. Subsequent to close, Tharco’s cash flows increased significantly through organic growth and acquisitions.
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“We have known Tricor since their inception. They have always been responsive and professional. We have featured Tricor’s acquisition of Tharco as a case study on what investors should do to win deals. In the Tharco transaction, we were proud to present Tricor to the sellers as a prospective acquirer. Tricor worked within the tight process timeline, and in the end, captured management’s confidence.” - August 23, 2007.
Ed Bagdasarian
Managing Partner
Barrington Associates / Wells Fargo
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