Wynnchurch Capital has invested in Handgards, a leading distributor of foodservice disposables, to capitalize on stable market demand and drive growth through strategic expansion.
Target Information
Founded in 1959 and headquartered in El Paso, Texas, Handgards is a prominent distributor specializing in foodservice products. The company's extensive product range includes disposable gloves, reclosable bags, tabletop items, expendables, and various carryout products. Handgards operates eight facilities, encompassing over one million square feet of space, and boasts an impressive annual shipping capacity of over 18 million cases of products.
Industry Overview in the United States
The foodservice packaging industry in the United States has exhibited robust growth driven by increasing consumer demand for takeaway and delivery services. The shift in consumer behavior towards convenience has resulted in heightened demand for foodservice disposables. The industry has adapted to these changes by innovating products that focus on sustainability and health, addressing evolving regulatory standards.
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The current landscape shows a competitive environment with numerous players striving to maintain market share. Many distributors are focusing on strategic partnerships and technological advancements to enhance
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Wynnchurch
invested in
Handgards
in 2024
in a Growth Equity & Expansion Capital deal