Tampa, Florida – January 12, 2022 – Hyde Park Capital Advisors, LLC (“HPC”) is pleased to announce that its client, Dietzgen Corporation (“Dietzgen”), a Florida-based provider of converting and value-added distribution services for digital print media including papers, films, and textiles to the US market, has been acquired by Sihl Corporation (“Sihl”), a Switzerland based portfolio company of Equistone Partners. Hyde Park Capital served as the exclusive investment banker to Dietzgen on the sell-side of this transaction.
When asked about Hyde Park’s role in the transaction, Darren Letang, Owner and CEO of Dietzgen, stated “As I started the process to sell my business that I founded 32 years ago, it was clear to me that John Hill and his team at Hyde Park was the right choice tor represent Dietzgen. They understood the importance of finding the right fit in a short time frame. From start to finish, their experience and professionalism played a vital role in achieving my goals. I could not have done it without them! A special thank you to John, Chris and Josh.”
The acquisition of Dietzgen is an important milestone in the strategic development of the Sihl company, especially in North America. “We are excited about this transaction as it fuels our vision to become the leading high-end coated print media supplier in the US. The combination of Dietzgen’s superior converting, logistics and distribution capabilities with the innovative product offering and service level of Sihl will create an exceptional offering for our customers in terms of quality and service”, says Peter K. Wahsner, CEO of Sihl Group: “The new platform will not only allow us to drive growth in our established markets but also creates an opportunity to grow our flexible packaging business across the US leveraging the strategically positioned locations of Dietzgen.”
John Hill, Senior Managing Director for Hyde Park Capital commented, “It has been an honor working for Darren Letang on this significant transaction. Darren painstakingly built the leading company in the paper converting and distribution sector over 32 years. It was important to him that we find the right buyer based on not just the economics of the deal, which of course are very meaningful, but also the strategic fit for his employees and customers. We believe we successfully accomplished this in Sihl.” Chris Fieschko, Vice President at Hyde Park Capital, further added, “Darren and his team were a pleasure to work with and remained even-keeled throughout the ups and downs of a typical M&A process. We very much appreciate the relationship that we developed with both them and the Sihl deal team lead by Martin Blom, Sihl CFO, and look forward to seeing the combined company thrive for many years to come.”
The Dietzgen deal execution team from Hyde Park Capital included John Hill, Chris Fieschko and Josh Paul. The M&A attorneys for Dietzgen were Hill Ward Henderson led by Eric Hall and Matthew Lastinger. For additional information, please visit www.hwhlaw.com. CLA provided the QOE for the Company led by David Laugtug and Christopher Weaver, For additional information, please visit www.claconnect.com.
About Dietzgen Corporation
Dietzgen Corporation provides converting and distribution services for digital print media including papers, films, and textiles to the US market. Founded in 1895, and acquired by Precision Paper Company in 2012, today’s Dietzgen is a privately held corporation with nine (9)dedicated facilities and over fifty (50) converting assets, completing a nation-wide manufacturing and distribution network allowing quick and efficient service to the North American print market. For additional information, please visit www.dietzgen.com.
About Sihl Group
Sihl Group (Sihl) is a leading expert of printing media solutions in the fast-growing digital imaging market. The company offers solutions wherever there is a need for coated print media that has a consistent quality and offers a high level of product performance. Headquartered in Bern, Switzerland, Sihl runs a production site in Duren, Germany as well as a converting and logistics facility in Fiskeville, USA. Sihl’s comprehensive product portfolio is sold to over fifty countries worldwide. Sihl is a portfolio company of Equistone Partners Europe. For additional information, please visit www.sihl.com/en.
About Hyde Park Capital
Hyde Park Capital is an institutionally focused investment banking firm specializing in mergers and acquisitions and serving the corporate finance needs of middle market public and private companies. Its principals have extensive investment banking experience executing merger and acquisition engagements, including purchase and sale of company assignments, recapitalizations, financial advisory, fairness opinions and raising growth capital and acquisition financing for companies, including equity, mezzanine, and senior debt. Hyde Park’s bankers have extensive experience in the industrial services and manufacturing sector. Hyde Park Capital is headquartered in Tampa, Florida and is a member of FINRA and SIPC. For additional information, please visit www.hydeparkcapital.com.