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Huntington Solutions Completes RADVA Acquisition

May 8, 2019

GREER, S.C.--(BUSINESS WIRE)--May 8, 2019--Huntington Solutions, a leading provider of custom-engineered expanded polystyrene (EPS) and expanded polypropylene (EPP) molded foam solutions has finalized the previously announced acquisition of RADVA Corporation, a Virginia-based manufacturer of protective and temperature-sensitive foam packaging solutions for the medical, pharmaceutical and food industries, among others.

Concurrent with the acquisition, Huntington also completed a refinancing of its existing debt. Brightwood Capital Advisors, LLC served as the sole financing provider to Huntington.

About Huntington Solutions

Headquartered in Greer, SC, Huntington Solutions is a leading provider of custom-engineered shape-molded and fabricated foam made from expanded polystyrene (EPS), expanded polypropylene (EPP), ARCEL® and other advanced resins. The company’s six production facilities, strategically located in South Carolina, Michigan, Ohio, Virginia and two in Mexico, specialize in the production and assembly of key components utilized in protective packaging, energy absorbing safety materials and temperature controlled containers. For more information, please visit www.hunt-sol.com. Huntington Solutions is a portfolio company of Mill Point Capital.

About Mill Point Capital

Mill Point Capital is a middle-market private equity firm focused on control-oriented investments in the business services and industrial sectors. The firm works with executive partners to leverage its investment professionals’ experience while providing strategic and operational guidance to drive long-term value creation in its portfolio companies. Mill Point is based in New York, NY. For more information, please visit  www.millpoint.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190508005935/en/

CONTACT: Mel Parsons

724.522.5144

mparsons@hunt-sol.com

KEYWORD: UNITED STATES NORTH AMERICA SOUTH CAROLINA

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS PACKAGING

SOURCE: Huntington Solutions

Copyright Business Wire 2019.

PUB: 05/08/2019 05:01 PM/DISC: 05/08/2019 05:01 PM

http://www.businesswire.com/news/home/20190508005935/en