Brook + Whittle, a North American sustainable packaging solutions provider, has completed a refinancing transaction to fuel growth and sustainability initiatives.
This strategic financial move has secured the company $130m in new capital, alongside establishing a new revolving credit facility and extending its debt maturity.
Brook + Whittle CEO Mark Pollard said: “The successful completion of this transaction underscores the confidence our capital partners have in our team and strategy, providing the company with the capital and financial flexibility needed to navigate the current market, deepen our investments in sustainability, execute our value creation strategy, and continue delivering best-in-class packaging solutions to our customers.
“We are grateful for the strong support of our stakeholders and look forward to our future success as we focus on our growth strategy, further enhancing our capabilities and product offerings.”
The company said this transaction empowers it to pursue both near- and long-term growth strategies more effectively.
Brook + Whittle manufactures pressure-sensitive labels, shrink sleeves, flexible packaging, and heat transfer labels. It operates from 14 locations across the US.
This January, the company acquired Stouse, a manufacturer and supplier of decals, labels, and promotional printed items. Stouse became part of the Sprink Division of Brook + Whittle, alongside Discount Labels, another label manufacturer.
Last year in February, Brook + Whittle acquired US-based flexible packaging manufacturer PouchIt for an undisclosed amount.
“Brook + Whittle secures $130m for sustainable packaging growth” was originally created and published by Packaging Gateway, a GlobalData owned brand.
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