Croft & Bender Advises Anduro Manufacturing

January 28, 2025

Croft & Bender Advises Anduro Manufacturing

Croft & Bender, an Atlanta-based investment banking firm, is pleased to announce the successful sale of its client, Anduro Manufacturing ("Anduro" or the "Company"), to Five Star Holding ("Five Star"), a portfolio company of TJC.

Anduro is a leading supplier of flexible packaging, including laminated woven sacks, for pet food, animal nutrition, and other consumer product companies in the United States and Latin America.

The acquisition of Anduro allows Five Star to provide unmatched supply reliability for its customers and extends Anduro's leadership in sustainability focused packaging products using post-consumer resins, compostable films, and closed-loop programs that leverage Five Star's vertical integration.

"Having worked with Croft & Bender on multiple transactions over the last twenty years, we knew they were the right partner to deliver us another great outcome," said Anduro's CEO, Marc Datelle. He added, "The combination with Five Star will support Anduro's focused expansion in new markets and accelerate the ability to offer sustainability focused packaging that uses post-consumer resins, compostable films, and closed-loop programs."

"We're thrilled to welcome Anduro and its people into the Five Star family," said Alex Huis in 't Veld, CEO of Five Star. "Anduro's strategic location in Honduras, investments in capacity, and dedicated team of people strengthen our commitment to be unmatched in reliability and quality, ensuring we consistently deliver the best sustainable packaging solutions."

Croft & Bender served as the exclusive financial advisor to Anduro on the transaction. For more information, please contact Ronnie Goldman or Matt Veal.