D.A. Davidson acts as exclusive financial advisor to Skana Aluminium Company on its sale to packaging matters, LLC

D.A. Davidson & Co. ("D.A. Davidson") announced today that it served as exclusive sell-side financial advisor to Skana Aluminium Company ("Skana" or the "Company"), a vertically integrated direct-cast aluminium rolling mill, on its sale to Packaging Matters, LLC ("Packaging Matters"), a leading manufacturer of sustainable food packaging.

Headquartered in Manitowoc, Wisconsin with additional operations in Clarksburg, West Virginia, Skana produces specialty-rolled x products for electrical transformers, consumer durables, and industrial end markets. The Company has a strong reputation for high-quality, precision-rolled products, supported by integrated casting, rolling, and precision slitting capabilities.

“On behalf of the Skana shareholders, we are very proud of the growth of the business during our ownership and extremely pleased to culminate this chapter with a successful sale to Packaging Matters,” said Tom Testwuide Sr., former CEO and Chairman of the Board of Skana. “We are very grateful for our management team and for our partnership with D.A. Davidson to drive this process to a very satisfactory outcome.”

“It is extremely gratifying to assist Skana’s shareholders realize a well deserved return on their decision to launch Skana Aluminium in 2010,” said Paul Colone, Managing Director, Specialty Materials, Metals & Minerals, D.A. Davidson. “We were constantly impressed by Skana’s team and extensive production capabilities and we wish Packaging Matters continued success with their investment in the business.”

The transaction underscores the continued momentum of D.A. Davidson's Diversified Industrials Investment Banking Group and its expertise advising clients across the Specialty Materials, Metals & Minerals sector.

D.A. Davidson’s Investment Banking Division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions and technology.

Note: This article has been shared by D.A. Davidson and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.