Amzak Capital Management announces the sale of KPAQ Industries to Hood Container Corporation
PR Newswire
BOCA RATON, Fla., Sept. 30, 2015
BOCA RATON, Fla., Sept. 30, 2015 /PRNewswire/ — Amzak Capital Management (“Amzak”) is pleased to announce the sale of its portfolio company KPAQ Industries LLC (“KPAQ”) to Hood Container Corporation. Amzak acquired KPAQ, a virgin containerboard and kraft paper mill located in St. Francisville, Louisiana in 2010 out of bankruptcy proceedings.
Michael Kazma, President of Amzak, commented on the investment saying: “We are very proud to have been able to rescue the St. Francisville mill from a difficult situation and, with the help of our skilled and dedicated employees, position it to now become an important part of a first-class packaging organization. This was also made possible by the support of Louisiana state and local government, including notably the Louisiana Department of Economic Development and the Parish of West Feliciana.”
Amzak Capital Management is a private investment firm owned by the Kazma family. Amzak’s current portfolio is comprised primarily of direct equity investments, fixed income securities, and real estate projects. Within its direct investment practice, Amzak looks for opportunities across the capital structure (senior debt, mezzanine, and control and non-control equity) in growth oriented companies with platform potential. It typically invests $10 to $50 million per transaction, with notably higher amounts possible for a control transaction either alone or through partnerships with like-minded investors. More information can be found at www.amzak.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/amzak-capital-management-announces-the-sale-of-kpaq-industries-to-hood-container-corporation-300152230.html
SOURCE Amzak Capital Management
Be the first to comment