Canaccord Genuity is pleased to announce the sale of Eco-Products Inc. to Waddington North America Inc., an Olympus Partners portfolio company.
Eco-Products is the nation's leading brand of single-use foodservice products made from renewable and recycled resources. The Company's products are, relative to traditional counterparts, gentler on the environment because they require fewer virgin resources to produce, and make diversion from landfills an option upon disposal. Eco-Products began operations in 1990 and is based in Boulder, Colo.
WNA is the leading North American designer, manufacturer and marketer of premium, rigid plastic foodservice disposables. WNA produces a broad portfolio of tableware, drinkware, servingware and metalized cutlery products targeting the premium, specialty and everyday segments. Over nearly four decades, WNA has built longstanding relationships with a diverse customer base spanning the catering, institutional, retail, restaurant and food processing sectors. WNA maintains operations in both the United States and in Canada.
Founded in 1988, Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus currently manages in excess of $3 billion and is an active, long-term investor across a broad range of industries, including restaurants, consumer products, healthcare services, financial services and business services.