Monroe Capital LLC announced a senior credit facility that will back Platinum Equity’s purchase of a stake in Norton Packaging, a California‑based manufacturer of high‑performance rigid packaging solutions for industries such as paints, coatings, food, and chemicals.
The facility is intended to provide the debt financing needed for Platinum Equity to complete its investment and to fund expansion of Norton Packaging’s production capacity, positioning the company to meet growing demand across its customer base.
Monroe Capital, which recently closed its fifth private‑credit fund with $6.1 billion of investable capital, is acting as the administrative agent and joint lead arranger for the transaction, underscoring its expertise in deploying capital to lower‑middle‑market businesses.
The deal strengthens Platinum Equity’s portfolio in the packaging sector and gives Norton Packaging access to capital that can accelerate growth initiatives, including new manufacturing lines and potential add‑on acquisitions.
"We are pleased to support Platinum Equity’s strategic vision for Norton Packaging and to help the company expand its capabilities," said Zia Uddin, president of Monroe Capital.
"Partnering with Platinum Equity will allow us to invest in new technology and scale our operations to meet customer demand," said Greg Norton, CEO of Norton Packaging.
"The investment aligns with our focus on high‑growth, family‑owned businesses and will enable us to pursue further growth opportunities," said Jacob Kotzubei, co‑president of Platinum Equity.
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