American packaging and warehouse essentials supplier Benchmark Industrial has acquired paper and packaging manufacturer Donby Shippers Supply.
Based in Brooklyn Heights, Ohio, Donby is a smaller company serving the same sector as Benchmark.
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With this acquisition, Benchmark intends to expand its footprint in Ohio from Columbus to Cleveland.
The companies will also integrate their resources to strengthen their supply chains and expand their businesses across the state’s market.
Benchmark president Jim Reid said: “We’re very excited to welcome Donby into the Benchmark family.
“They have long been known for offering good service and competitive prices for their manufacturing and distribution customers.
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By GlobalData“We are committed to maintaining those relationships and taking our combined service offerings from good to great.”
Donby president Eric Blumenthal said: “Benchmark shares our values and our commitment to customer service.
“We know our long-time customers will be in good hands during and after this transition.”
The financial terms of the transaction have not been disclosed.
The development will also allow Benchmark to offer more product choices for customers and enhance its customer service.
Benchmark ships its products to customers across the US and offers a next-day local delivery service in Ohio.
Manufacturing and service business broker Calder Capital served as Benchmark Industrial’s buy-side mergers and acquisitions (M&A) advisor.
Calder Capital M&A advisor Shane Kissack said: “We engaged with Benchmark as a buy-side client in January, sourced the seller through aggressive proprietary outreach and closed [the deal] in less than six months.
“The biggest challenge was making sure the seller was comfortable stepping into the transaction, as Donby wasn’t currently on the market and ownership hadn’t planned on selling for another year or two.
“Throughout the process, it became transparent that the fit and continuity plan made absolute sense for both sides.”
