Evergreen Packaging (“Evergreen” or “the Company”) has successfully completed the sale of its business to Southern Champion Tray, a leading manufacturer of fiber-based products and packaging solutions. Diamond Capital Advisors served as financial advisor to the Company and negotiated the transaction.

Evergreen Acquired By Southern Champion Tray

Evergreen, founded in 2001, is a bakery, deli, food service, and wholesale packaging provider with a predominant market presence in California. The Company produces the pink donut boxes that are ubiquitous in Southern California.

Shawn Thompson and Diamond’s continued persistence enabled us to find the right buyer and complete the sale of the business, despite complications from COVID and supply chain challenges throughout the paperboard industry. The combination with SCT will enable Evergreen to continue supporting its customers with a nationwide focus while expanding SCT’s presence on the West Coast.

Bob Taheri, Evergreen Packaging
The testimonials expressed are those of the authors and do not reflect the views or opinions of Hamilton Grant, LLC.

According to SCT's President Brian Hunt, "This acquisition makes a lot of sense for SCT and Evergreen customers. With SCT's expanded product offerings, broader array of packaging options and a business model that focuses on great packaging and distinctive customer service, we are confident that the transaction will be positive for our customer partners. Similarly, the SCT team sees this as another opportunity to demonstrate that serving is a privilege."

Photo from sctray.com

About Evergreen

Founded in 1981 in La Mirada, CA, Evergreen is the largest supplier in the Western USA of bakery and donut boxes. The company maintains long-term customer relationships with major food service distributors and other providers. Its broad product line includes bakery and donut boxes, pizza boxes, beverage carriers, and seasonal custom printed packaging.

About SCT

Since 1927, Southern Champion Tray has been manufacturing and distributing quality, sustainable bakery, food service, and catering paperboard and corrugated packaging. Markets served include bakery, food service, frozen foods, supermarket, institutional, medical, pharmaceutical, personal care, cosmetic, retail, electronics, and more. When the transaction closes, Southern Champion Tray will maintain office, manufacturing and distribution facilities in Chattanooga, Tennessee, Fairfield, Ohio and Mansfield, Texas. For information on SCT's full line of products, visit SCTray.com.

About Diamond

Diamond Capital Advisors is a boutique middle-market investment banking firm located in Century City that performs a full range of investment banking services including mergers and acquisitions, valuations, and capital raises. Visit our website to learn more about our areas of expertise and to get in touch with an investment banker.

Diamond’s deal team was led by Managing Director Shawn Thompson. Please contact Shawn to learn more.