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  1. Keyes Interplast Division Sold

    Fund III announces the sale of Interplast Packaging, Inc. (“Interplast”), a division of Keyes Packaging Group, to an affiliate of Pactiv LLC.  Pactiv is owned by Rank Group Limited, a privately held investment company based in Auckland, New Zealand.  Based in Terrebonne (Montreal), Canada, Interplast is the leading North American manufacturer of recycled PET egg cartons used in the packaging of specialty eggs.  Interplast serves customers across the specialty egg supply chain including egg producers, graders, marketing groups and grocery retailers.  The transaction closed on September 24, 2012.

    Keyes Packaging Group (“Keyes”) is a Fund III portfolio company.  Keyes is a leading manufacturer of specialty packaging focused on the fruit, egg and wine industries.  Keyes’ other operating subsidiaries include Keyes Fibre and Wrap Pack.  Keyes Fibre produces molded fiber trays for fruit, vegetable, egg and wine packaging.  Wrap Pack manufactures specialty tissues used primarily as protective packaging for pears to prevent damage and spoilage during storage and shipment.

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