Goodwin Procter advised Stronghaven, Inc., a corrugated packaging company advised by TransOcean Group, in its sale to Hood Container Corporation, a subsidiary of Hood Companies, Inc. Terms of the transaction were not disclosed.
Stronghaven is a corrugated packaging company based in Atlanta, Ga. The company has a diverse customer base comprised of industrial and consumer product companies and provides customers with customized solutions through its products and services, including high-graphic boxes, inner packaging, state-of-the-art flexographic direct print capabilities, fulfillment and warehousing.
TransOcean Group, based in Boston, Mass., is a private equity firm focused on making majority investments in U.S.-based companies that demonstrate strong and sustainable cash flows. The company seeks to invest in businesses with an enterprise value of $100 million to $200 million, a market leadership position, proven management and a defined growth strategy. TransOcean primarily invests in the industrial manufacturing, branded consumer products, and healthcare services and medical devices industries. It is a wholly owned subsidiary of Gulf Investment House.
Hood Container Corporation is a wholly owned subsidiary of Hood Companies, Inc. The company operates a 370,000 ton per year semichemical containerboard mill in New Johnsonville, Tenn.
Mesirow Financial acted as the financial advisor to Stronghaven.
The Goodwin team advising Stronghaven was led by partner Michael Kendall.
Additional information regarding the transaction is available in the Mesirow press release.