Mazzone & Associates Advises Roplast on its Sale to PreZero
Mazzone & Associates (“Mazzone”) is pleased to announce that it acted as the exclusive financial advisor to Roplast Industries, Inc. (“Roplast” or the “Company”) with respect to its sale to PreZero US (“PreZero”), a subsidiary of the parent company Schwarz Group, headquartered in Neckarsulm, Germany. The terms of the transaction were not disclosed.
PreZero and Roplast come together just as increasing U.S. legislation will be requiring more recycled content in packaging. As noted by PreZero’s press release, this transaction reflects “PreZero’s business goal to vertically integrate and deliver its closed loop solutions to support the circular economy.”
Robert Bateman, retired CEO and co-founder of Roplast, reflected on the transaction: “We are quite satisfied with the result and Roplast’s new partnership with PreZero. In these uncertain times, the Mazzone team proved invaluable, providing guidance and driving the marketing process with domestic and international parties. I doubt whether anyone could have advised us better.”
Robert Berman, co-founder of Roplast, commented “We are excited for Roplast and its future prospects with its new partner. The Mazzone team did a great job at understanding our business and market position in sustainable packaging. They were extremely thorough and did an outstanding job guiding our team and ensuring the transaction ran smoothly for all parties.”
Jonathan White, Managing Director at Mazzone & Associates, noted “We invested significant time to identify the right partner for our client. We found a great fit in Schwarz and PreZero, as they will build and enhance the sustainable product lines that are important to shareholders, management, and customers.”
Stuart Sanford, Vice President at Mazzone & Associates added “This is a great outcome for all parties. It is even more impressive if you consider that the deal was completed with an international buyer during the COVID-19 pandemic, which disrupted sustainability regulations, supply chains, and customers’ forecasts.”
Founded in 1989, Roplast is a leader in providing sustainable flexible packaging in the form of polyethylene film, bags and other flexible packaging. Based in Oroville, CA, the Company is a leader in providing certified recycled content in its packaging for its customers as well as developing closed loop solutions for the circular economy. Roplast manufactures, converts, and prints its products for a variety of markets.
