News: Press Release
Offit Kurman’s M&A Group Represents Arnold Packaging Company in Acquisition of World Class Packaging
For Immediate Release
August 21, 2018 | Baltimore, MD Offit Kurman’s Mergers and Acquisitions (M&A) Practice Group has continued along its recent record-breaking stretch of transactions with the closure of another deal earlier this month. Attorneys Michael N. Mercurio, James M. Hoffman, and Daniel Hofherr represented Arnold Packaging in its acquisition of regional competitor World Class Packaging. The transaction closed on August 10th.
Founded in 1933 as Arnold’s Factory Supplies, Arnold Packaging is one of the premier packaging providers in North America. The company has served customers such as Saks Fifth Avenue and the U.S. Army, and has partnered with organizations such as the 3M Company, Northrop Grumman, General Electric, and Bethlehem Steel. Under its current president, fourth-generation family owner Mick Arnold, Arnold Packaging has grown to manage 80,000 square feet of facility space and $1.3 million in inventory. The company also recently launched its first break-out division: Arnold Automation.
Based in southeastern Baltimore, World Class Packaging was started in 2004 by Marco Alban. With World Class Packaging’s client base of more than 200 customers across the region, the acquisition brings with it a greater market share across the mid-Atlantic, as well as six more employees—increasing the size of the Arnold Packaging team by 11%.
“We awaken each day with the goal of helping clients become more productive and increasing their profitability,” Mick Arnold said in an Arnold Packaging statement. “When we talk to customers, we’re always looking for opportunities that allow them to execute more effectively. Acquiring World Class Packaging does exactly that. We have increased the products, services, and reach that we provide, allowing us to provide them with the resources they need to keep pace with the competition.”
Offit Kurman has helped Mid-Atlantic business owners close more than half a dozen transactions this summer. Recent successful deals for clients include the merger of Minnick’s and Ecobeco; the sale of VetsAmerica Business Consulting Inc. to Veteran Enterprise Solutions, Inc. (VESI); and divestment of a joint venture owned by United Support Services (USS), LLC.
Offit Kurman’s M&A Practice Group is currently developing a series of articles, resources, webinars, and speaking events focused on how business owners on both the sell-side and the buy-side can take advantage of the current M&A market. To learn more, and to get in touch with an Offit Kurman's M&A attorney, click here.
ABOUT MIKE MERCURIO
Mr. Mercurio serves as outside general counsel to clients on matters related to corporate and business law, commercial transactions, government contracting, health care, construction services, and real estate. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on all aspects of business and commerce including formation and structure; ownership, management and control; financing and capital; expansion and acquisition; sale and transfer; and contraction and dissolution.
ABOUT OFFIT KURMAN
Offit Kurman is one of the fastest-growing, full-service law firms in the Mid-Atlantic region. With over 170 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our twelve offices serve individual and corporate clients in the Virginia, Washington, DC, Maryland, Delaware, Pennsylvania, New Jersey, and New York City regions. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.
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