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Footprint Capital Advises Columbia Corrugated Box in Sale to SupplyOne, the Largest Independent Supplier of Corrugated and other Packaging Products in North America

Columbus, OH, June 10, 2024 – Columbia Corrugated Box Co., Inc. (“CCB”) has been acquired by SupplyOne, Inc. (“SupplyOne”), a portfolio company of Wellspring Capital Management (“Wellspring”). Footprint Capital, LLC (“Footprint”) acted as the exclusive sell-side advisor in the transaction.

Founded in 1967, CCB is comprised of two divisions, Columbia Corrugated Box and Packaging Resources Company (“PRC”), and primarily operates in Oregon, Washington, and Northern California. CCB offers traditional corrugated packaging solutions, as well as specialty custom corrugated services, retail point of sale displays, and high color graphics. The PRC division primarily operates in the protective packaging solution field, consisting of items such as custom cushioned crates, thermoformed pick-and-place build pallets, and value-added foam products.

“From the first meeting, Footprint showed a sincere, differentiated willingness to tailor the process to meet our objectives of preserving confidentiality, finding a buyer that shared our core values and aligned with our culture, as well as extending the legacy of our company. The Footprint team was invaluable throughout the process, not only running point on the engagement with SupplyOne and other potential buyers, but working in the details alongside our internal team and external advisors. We could not have completed the transaction successfully without them,” said Roggy Pflug, day-to-day leader and COO of CCB.

“As a family-owned business for over 50 years, it was extremely important to find the right partner that continues our legacy of fast, high quality packaging solutions embraces a customer-first attitude and treats employees like family.  SupplyOne fit the bill on all fronts while offering an expansive North American footprint to serve our customers even more broadly,” said Steve Tanner, Owner of CCB.

“Adding a SupplyOne presence to the West Coast further enhances our ability to service customers nationwide, in addition to on-going expansion of our North American coverage,” said Todd Renehan, President and CEO of SupplyOne. “From our first conversations with CCB, we aligned strongly on approaching each customer with custom solutions and superior service.”

This acquisition represents the 41st addition to the SupplyOne portfolio in its 25 years in business.

ABOUT FOOTPRINT CAPITAL

Footprint is a boutique investment bank focused on advising owners and operators of privately held companies in the middle market. Footprint’s services include sell-side and buy-side merger and acquisition advisory, private equity and family office deal origination services, ownership transition planning, capital raising, and strategic management consulting. For more information, visit: www.footprintcapital.com.

ABOUT SUPPLYONE

SupplyOne is the largest independent supplier of corrugated and other value-added packaging products, equipment, and services in North America. It provides mid-sized manufacturers, food processors, medical, and e-commerce companies packaging programs, products, and supply chain solutions. It offers an international footprint of corrugated and packaging capabilities with a focus on local marketplaces. SupplyOne is a portfolio company of Wellspring Capital Management.

ABOUT WELLSPRING CAPITAL MANAGEMENT

Wellspring Capital Management is a private equity firm headquartered in New York. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Wellspring has invested in over 50 platform investments and completed over 80 add-on acquisitions across various segments of the U.S. and global economies.