{"id":6838,"date":"2025-05-01T04:32:03","date_gmt":"2025-05-01T08:32:03","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=6838"},"modified":"2025-05-01T04:32:03","modified_gmt":"2025-05-01T08:32:03","slug":"backcast-partners-invests-in-dominion-packaging","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=6838","title":{"rendered":"Backcast Partners invests in Dominion Packaging"},"content":{"rendered":"


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Dominion produces cardboard folding cartons. Credit: Itsanan\/Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

Backcast Partners has committed funding to Dominion Packaging to support its expansion plans and restructure its capital.<\/p>\n

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The financing package comprises senior secured debt with warrants and convertible preferred equity.<\/p>\n

Existing lender Truist remains involved, continuing to provide the company\u2019s revolving credit facility.<\/p>\n

Dominion Packaging CEO Gino Pacini said: \u201cThe Backcast team demonstrated exceptional professionalism, insightful analysis, and unwavering commitment throughout this process.<\/p>\n

\u201cTheir collaborative partnership approach made them an invaluable resource, not only in structuring this transaction but specially in understanding our business requirements and long-term strategic objectives.<\/p>\n

\u201cI am confident that they will be an excellent and valuable partner who will contribute strategic value to the company as we continue our rigorous and transformative growth strategy.\u201d<\/p>\n

Dominion Packaging, headquartered in Richmond, US, was established in 2004.<\/p>\n

It produces printed cardboard folding cartons for leading consumer goods brands in the food and beverage sector.<\/p>\n

The company works on reducing its environmental footprint via responsible choices in materials, products, and processes.<\/p>\n

The company uses substrates made exclusively from recycled materials and responsibly sourced trees from managed forests.<\/p>\n

Backcast managing partner Ed Cerny said: \u201cGrowth financings like this are one of Backcast\u2019s primary lines of business \u2013 and perhaps one of the most rewarding to participate in \u2013 and we look forward to working with Gino and his team to actualise their growth visions for their company.\u201d<\/p>\n

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