Exopack was purchased in 2001 from International Paper and held in The Sterling Group’s Fund I. The sale of Exopack represents the second sale of a portfolio company in The Sterling Group’s first fund, Sterling Group Partners I, L.P. There are two remaining portfolio companies in the first fund.
“Exopack exemplifies our investment philosophy—to partner with the management and employees, focus on strategic initiatives to grow the business, and create value for all the shareholders. We salute all at Exopack and wish them well with Sun Capital,” says Billy Oehmig, a Principal of The Sterling Group.
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