SRZ represented Associated Packaging Technologies Inc. (“APT”), North America’s largest manufacturer and supplier of Crystallized Polyethylene Terepthalate (“CPET”) containers to the frozen food industry, in its acquisition by Sonoco, a diversified global packaging company based in Hartsville, S.C. APT was formerly majority owned by investment funds managed by Castle Harlan Inc. The all-cash purchase price, including the cost of paying off various obligations of APT, was approximately $120 million, subject to certain possible adjustments. Founded in 1993, Chadds Ford, Pa.-based APT is a leading provider of dual-ovenable food packaging, serving the frozen food industry in North America, Europe and Australia/New Zealand. The company employs more than 400 workers in its four CPET thermoforming manufacturing facilities in Canada, the United States and Ireland. In addition to being able to manufacture about 3 billion CPET containers annually, APT has monolayer and multilayer barrier polypropylene container capabilities and is a pioneer in the development of recycled PET (RePET) frozen food trays.