Monroeville, AL – Druid Capital Partners, LLC (“Druid Capital”) announced today that Sterling Packaging, LLC (“Sterling Packaging”), a Druid portfolio company formed in partnership with Jim Hickson, Debbie Hickson, Kelly Rasmussen, and Colin Hickson, has entered a series of agreements with the State of Alabama (the “State”), the City of Monroeville (the “City”), and the City of Monroeville Industrial Development Board (“MIDB”) whereby Sterling Packaging will expand their operations to a new, state of the art, facility located in Monroeville, AL targeting 55 jobs.
Sterling Packaging designs and manufacturers folded paperboard cartons for a variety of industries including food and beverage, hardware, cosmetic, and pharmaceuticals. Its clients range from small, privately owned businesses to Fortune 500 companies in the U.S. and Canada. While it serves a range of industries, the company has established a solid foothold in the beverage industry, specializing in the manufacture of bottle carriers and beer packaging for craft brewers.
Jim Hickson, President of Sterling Packaging, said, “This great partnership with Druid Capital allows Sterling to expand, and better serve our existing clients, while aggressively growing our business in Canada & the US. We are delighted to be a part of the Monroeville, Alabama business community.”
Martin Holt, Managing Partner with Druid Capital, said, “We are extremely excited to have the Hicksons as a partner. Jim and Debbie truly are hardworking entrepreneurs who have instilled a strong value system in their company and their children, evidenced by the leadership roles held by Kelly and Colin. We look forward to working together. As Alabama residents ourselves, we are proud to be involved with a true public/private partnership that will create jobs in our State, and really appreciate all those who made this possible, especially Mayor Joseph Oglesby, Whitney Hurt of the MIDB, and Governor Kay Ivey and her staff.”
About Sterling Packaging – Sterling Packaging was founded in 1989 by the husband and wife team of Jim and Debbie Hickson, in the Canadian city of Winnipeg. Initially a commercial printing operation, the company began manufacturing paperboard packaging in 1992. Whether you desire a new product launch, rebranding, or decreasing your environmental impact, Sterling Packaging has the expertise and experience to deliver the most efficient results. For more information, please visit www.sterlingpackaginginc.com.
About Druid Capital Partners – Formed in 2015, Druid Capital Partners is a boutique investment manager focused on investing in private companies in the Southeast, targeting specialty manufacturing, distribution, and industrial services. Druid Capital invests via majority acquisitions and recapitalizations in established companies alongside motivated, entrepreneurial owners and managers, providing a reliable, trusted, and local source of equity capital. For more information, please visit www.druidcapital.com.
