Formation Brands, a leading designer and marketer of on-trend housewares and beverage containers, has been acquired by Pacific Market International (“PMI”), a global leader in designing, manufacturing and marketing innovative food and beverage solutions. The acquisition was supported through an equity investment from Endeavour Capital. Cascadia Capital served as the exclusive financial advisor to Formation in the transaction.
“Formation Brands has experienced rapid growth due to its innovation and sourcing capabilities. The company’s ability to remain on-trend and responsive to the needs of key retailers made the business valuable to a number of buyer populations” –Bryan Jaffe, Managing Director at Cascadia Capital.
Formation Brands represents the fifth successful transaction for the Consumer & Retail Group in the last six months. Recent transactions include the recapitalization of Black Bear Diner, the acquisitions of Austin, Canoe & Kayak and Nutri-Vet, and the strategic investment in Poler Outdoor Stuff.
Click here to read the full press release (originally published on the Cascadia Capital website).