Fort Dearborn Company acquired by Genstar Capital

Genstar Capital, LP, has acquired Fort Dearborn Company. The  total process took just three months and was overseen by a company called The Open Approach (TOA) . The acquisition of the $190 million label and packaging printer gives Genstar a profitable platform company to enter this lucrative marketspace and pursue aggressive growth through additional development and bolt-ons. The investment provides Fort Dearborn funding to capitalize on such new opportunities, while delivering higher returns to company shareholders and a more expansive product/service offering to its nationwide customers.

‘We are extremely pleased with the potential this deal provides,’ commented Mike Anderson, chief executive officer of Fort Dearborn Company. ‘The Open Approach made the process seamless and beneficial to all parties. We would recommend them to any enterprise seeking ideal investments to fuel growth.’

‘The Fort Dearborn acquisition provides a lucrative base for a strong, nationwide buildout and significant shareholder gains,’ added Richard Hoskins of Genstar Capital. ‘We will definitely consider opportunities from The Open Approach in the future.’

As part of the deal, Fort Dearborn will continue to operate under the direction of its current management team. Fort Dearborn is a recognized leader in printed label solutions for the food and beverage, personal care, and household products markets. The company is headquartered in Elk Grove Village, IL, with five additional printing plants across the US.