CID Capital Partners with All-Weather Paper Manufacturer
July 18, 2013
CID Capital has recapitalized J.L. Darling (dba Rite in the Rain), a designer and manufacturer of all-weather paper products. RITR makes paper products that need to withstand harsh weather conditions without disintegrating. Its clients use them for applications like desert warfare and rainforest insect research. Fifth Third Bank provided senior financing to support the transaction, and Northstar Capital provided subordinated debt financing and an equity co-investment.