Dallas, Texas – July 18, 2024 – Sky Island Capital (“Sky Island”), a Dallas-based lower middle market private equity firm, is pleased to announce that it has made a majority investment in Pacific Paper Tube Inc. (“Pacific Paper Tube” or “the Company”) alongside the Company’s owners. Founded in 1989 and headquartered in Stockton, California, Pacific Paper Tube is a leading independent manufacturer of sustainable paper tubes and cores, serving a diverse base of customers across a wide array of end markets, including the industrial, construction, and packaging sectors. With four facilities across California, Washington, Oregon, and Nevada, the Company maintains a leading market position among independent paper core and tube manufacturers on the West Coast.
“We are excited to have Pacific Paper Tube as our first platform investment in Sky Island’s second fund,” said Cord Walker, a Sky Island Principal. “Under the ownership of the Wallace family, Pacific Paper Tube has demonstrated impressive growth and geographic expansion over its 35+ year history,
and we are proud to partner with the founding family and their management team to drive the Company to new heights under our combined leadership.”
Pacific Paper Tube maintains tenured relationships with blue chip customers who use the Company’s products for a variety of purposes, including transporting materials (e.g. plastics, paper, metals, textiles, and roofing), forming concrete architectural columns, and packaging and selling consumer goods. All Pacific Paper Tube’s products utilize recycled paperboard, which is sustainable and eco-friendly, and are highly customized to fit customer needs. The Company sells its products both directly to end users and through distribution across the U.S. as well as Canada.
“We are thrilled to partner with Sky Island to help guide Pacific Paper Tube through its next phase of growth,” said Casey Wallace, Chief Executive Officer and founding family member. “We felt an immediate cultural fit with the Sky Island team and share a strategic vision for the Company’s future.
The expertise they bring to growing manufacturing companies will enable us to achieve our common goals and unlock the Company’s full potential.”
Pacific Paper Tube is Sky Island’s first platform investment in its second fund.
About Sky Island Capital
Sky Island Capital (www.skyislandcap.com) is a lower middle market private equity firm based in Dallas, Texas that makes control investments in strategically viable North American manufacturing companies that exhibit transformational upside potential. Sky Island focuses on situations where it can draw upon its deep operational experience to support senior management in driving significant value creation through operational and strategic partnership, including add-on acquisitions. Sky Island is comfortable with and has a history of executing transactions with complex dynamics, including family-owned businesses, management buyouts, corporate carve-outs, public to privates, lender-controlled businesses, and other special situations.
About Pacific Paper Tube Inc
Founded in 1989, Pacific Paper Tube Inc. (www.pacificpapertube.com) is the largest independent manufacturer of sustainable paper tubes and cores on the West Coast. The Company maintains facilities in California, Washington, Oregon, and Nevada, and possesses a full range of manufacturing capabilities enabling it to meet the highly customized needs of its customer base. Pacific Paper Tube’s products are used for a variety of purposes including the transportation of materials and consumer goods, the construction of architectural columns, and the packaging of products for sale to end consumers. Since its founding nearly 35 years ago, the Company has prided itself on providing best-in-class product quality and customer service to the tube and core market and has established a reputation as a leading provider in the industry.
For more information, please contact Will Dobbs or visit the website listed below:
Will Dobbs
Partner
[email protected]
