{"id":1057,"date":"2024-07-23T06:44:35","date_gmt":"2024-07-23T10:44:35","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=1057"},"modified":"2024-07-23T06:44:35","modified_gmt":"2024-07-23T10:44:35","slug":"barings-provides-financing-to-support-us-based-diversified-packaging","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=1057","title":{"rendered":"Barings provides financing to support US-based Diversified Packaging\u00a0\u00a0"},"content":{"rendered":"


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Diversified Packaging serves commercial printing companies and corrugated packaging companies. Credit: Marian Fil via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Global investment manager Barings has announced its provision of second lien debt and an equity co-investment to facilitate Mill City Capital\u2019s recapitalisation of Diversified Packaging.\u00a0<\/p>\n

Diversified Packaging, based in Blaine, Minnesota, US, provides prepress products and services for the packaging industry.\u00a0\u00a0<\/p>\n

The company manufactures flexographic plates for the corrugate packaging industry and distributes prepress products, with a focus on printable plastics for printing, graphic arts, and signage companies.\u00a0<\/p>\n

Diversified Packaging operates across three brands, including Plateworks Plus, Sharper Image Engravers, and Adhue Graphic Resources.\u00a0<\/p>\n

The company\u2019s products are integral to a variety of end-market applications, spanning sectors such as food and beverage, retail, consumer goods, and industrial industries.\u00a0\u00a0<\/p>\n

Barings Global Private Finance Group managing director Steve Jarvis said: \u201cBarings is excited to partner with Mill City Capital and their portfolio company Diversified Packaging as the sole provider of senior secured term debt for the deal.\u00a0\u00a0<\/p>\n

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