Halifax Group Invests in Prairie Industries and Nu-Pak
Recapitalizes Platform for Growth in the Contract Packaging and Contract Manufacturing Sectors
WASHINGTON, Sept. 25, 2019 /PRNewswire/ — The Halifax Group (“Halifax“) announced today it has completed an investment to recapitalize Prairie Industries, Inc. (“Prairie Industries”) and Nu-Pak, Inc. (“Nu-Pak”), (or together the “Company”), collectively a leading contract packager and manufacturer of consumer products and ready-to-eat food. Halifax partnered with the Company’s management team and founders, who will remain active with the business. Terms were not disclosed.
Headquartered in Prairie Du Chien, WI, the Company operates two divisions, Prairie Industries and Nu-Pak. Prairie Industries provides services for products in a variety of end markets including home improvement, safety, sanitation, and humidity control. The division offers primary packaging and secondary packaging services as well as assembly and fabrication services at its four facilities. Nu-Pak, operating three state-of-the-art food services facilities, focuses on ready-to-eat and healthy snacking foods and products.
“As consumer product companies continue to outsource their increasingly complex packaging and manufacturing needs, there is a growing demand for the high-quality services offered by Prairie Industries and Nu-Pak. As part of an active, thesis-driven search process, we have evaluated businesses in the sector for several years and believe that this business sets itself apart through its specialized offerings, flexible service model, superior customer service, and best-in-class product quality and food safety,” said Scott Plumridge, Partner at Halifax.
“Halifax has demonstrated that it can be a valuable strategic partner to us as we seek to expand and grow our business,” founder and CEO Jim Hutchison said. “Their strategic and financial support will allow us to meet the outsourced packaging and manufacturing needs of our great customers while still maintaining our world class safety and compliance records.”
“Jim and President Jeff Panka, supported by an excellent team, have built an impressive platform and we are excited to work together to execute our shared strategy for success,” added David Calder, Principal at Halifax.
About Prairie Industries and Nu-Pak
Founded in 1994 and based in Prairie du Chien, WI, Prairie Industries and Nu-Pak are collectively a leading contract packager and manufacturer of consumer and food products that operate through two divisions. The Prairie Industries division offers a wide range of packaging, converting, manufacturing, and warehousing services for consumer, household, and industrial products. The Nu-Pak division is a USDA and FDA certified food converting company focused on ready-to-eat food manufacturing and packaging. For more information, visit www.pind.com and www.nu-pak.com.
About The Halifax Group
The Halifax Group is a private equity firm that partners with managers and entrepreneurs to recapitalize and grow lower middle-market businesses with total enterprise values generally between $50 million and $300 million. Halifax invests across a variety of industries, including outsourced business services, health and wellness, franchising and infrastructure services. The firm is headquartered in Washington, D.C. For more information, please visit www.thehalifaxgroup.com.
Blicksilver Public Relations