July 2014. Duro Bag Manufacturing Company has been sold to Hilex Poly, a portfolio company of Wind Point Partners. Duro, based in Florence, KY, is a leading manufacturer and marketer of paper bags for foodservice, grocery, wholesale-distribution and other markets. Duro produces grocery bags, handle bags, compostable paper lawn and leaf bags, and various specialty bags, including lunch bags, pharmacy bags, Freshness Paper™ bread bags, and food service bags, as well as a broad range of premium paper shopping bags for luxury retailers.
Hilex Poly, based in Hartsville, SC, is an industry leading manufacturer of flexible packaging products, ranging from bags for grocery, retail, and food service markets, to can liners and specialty films. Hilex Poly operates 15 manufacturing locations across the U.S. & Canada plus the largest closed-loop recycling facility in the U.S.
The Peakstone Group served as exclusive M&A advisor to Duro in connection with this transaction. Terms of the transaction were not disclosed.
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