Handgards Acquires Fineline Settings
Acquisition bolsters portfolio of innovative foodservice products
El Paso, Texas, February 8, 2022 – Handgards, Inc. (“Handgards”), a portfolio company of Wind Point Partners (“Wind Point”), today announced the acquisition of Fine Line Settings, Inc. (“Fineline” or the “Company”), a fast-growing manufacturer and supplier of disposable tableware and packaging products, including eco-friendly compostable and recyclable solutions. Fineline’s innovative products are highly complementary with Handgards and will allow the combined business to offer a broader portfolio of foodservice solutions to customers across North America.
Based in Middletown, N.Y., Fineline is a key supplier to the foodservice and hospitality end markets. Founded in 2010 by Abraham Feig, the Company offers a broad suite of unique disposable products that are sold under the Fineline name throughout the United States to a diverse base of distributors, group purchasing organizations and other foodservice accounts.
Joe Kubicek, CEO of Handgards, stated, “We are extremely excited to have Fineline join the Handgards family. Fineline has a dynamic team with a reputation for forward-thinking, innovative product development and a deep commitment to customer service. We will look to further invest in the team’s differentiated product offering and extend their services to an even broader customer base. Together, Handgards and Fineline will be a North American leader in high-quality foodservice products with a fundamental focus on industry-leading service.”
Abraham Feig, Founder and CEO of Fineline, will continue to lead the Fineline business under Handgards ownership. Mr. Feig noted, “We are thrilled to join the Handgards team as we begin an exciting new chapter for our employees, customers and partners. Handgards and Fineline have highly complementary product offerings. We look forward to accelerating our investment in product innovation to support our customers’ growth.”
Paul Peterson, Managing Director at Wind Point, commented, “Fineline represents an excellent addition to the Handgards platform. Acquisitions are a focal point of our value creation plan for Handgards and we are excited to inaugurate our M&A program with the acquisition of Fineline.”
Wind Point acquired Handgards in October 2020 in partnership with existing management and experienced industry executive Joe Kubicek, who joined as CEO. Handgards will continue to invest in both organic initiatives and complementary acquisitions that further enhance the company’s high-quality foodservice product offering.
Kirkland & Ellis LLP served as legal counsel to Wind Point. BKD, LLP provided transaction advisory services in connection with the transaction.