PE-Backed Merger in the Thermoformed Sector

Penda Corp., a Portage, Wis.-based maker of thermoformed solutions, has agreed to merge with Durakon Industries Inc., a provider of thermoformed automotive components. No financial terms were disclosed. Penda is a portfolio company of Resilience Capital Partners, while Durakon is a portfolio company of Littlejohn & Co. Both private equity firms will be the shareholders of the combined company.

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