CIC Partners Invests in SPG Holdings LLC
“We are excited about our recent investment in SPG and the strong partnership we have with the management team” said Marshall Payne, a Partner with CIC Partners. “We look forward to being a part of the company’s next phase of growth.”
SPG Holdings is a leading specialty paper products manufacturer with a focus on supplying the restaurant and foodservice distribution industries. SPG has state-of-the-art manufacturing plants in Georgia, Mississippi and Wisconsin with the ability to supply a full suite of paper products including napkins, sandwich wraps, carryout bags and deli paper. SPG’s management team has the paper products expertise and decades of experience supplying the foodservice industry to successfully support SPG’s customer base consisting of major national and international restaurant chains and foodservice distributors.
“Because of CIC’s deep experience in the foodservice industry they know and understand our customer and our business,” said Greg Santaga, President of SPG Holdings. “We look forward to continuing to grow our business and strengthen our customer relationships with their support.”
As a result of this transaction, joining the Board of Directors is Kirk Smith, a CIC Operating Partner and former CEO of CTI Foods.
About CIC Partners
Headquartered in Dallas, TX, CIC Partners LP (“CIC”) is a middle-market private equity firm that invests in market-leading companies in North America. CIC has successfully invested in more than 40 companies with revenues of $10 million to $1 billion in industries including energy exploration, food, restaurants and retail, and healthcare services. More information about CIC Partners LP can be found at www.cicpartners.com.
About SPG Holdings
Founded in 2005, SPG Holdings is a leading specialty paper products company supplying a full suite of paper products to major restaurants and foodservice distributors. SPG employs over 400 employees and is headquartered in Green Bay, Wisconsin.