TDI to Meet Growing Paper Straw Demand with Funding from Longfellow
Lawrence, KS - July 22, 2019
A fast-growing leader in paper packaging and logistics systems, TDI Global Solutions, Inc. is entering the surging $1.6 billion (est.) international market for the environmentally friendly and governmentally mandated paper straws and non-plastic lined cups with help from royalty-based venture financing by Longfellow Park Ventures, LLC.
“We could not have found a better investment partner than Longfellow Park Ventures, LLC, a firm that took the time to understand our business, our culture and how their investment could be structured to help us meet our market and valuation objectives,” said TDI CEO Mark Majors. “Green markets -- from sustainable shoe packaging to paper straws and cups -- are our future, and with help from Longfellow, we are building the global brand Gaia Eco Products to help deliver on our message and commitment to sustainability.”
Major brands optimize and often outsource their global packaging and paper supply chains, which range from production facilities abroad to big-box retailers in America, by leveraging the deep expertise of the TDI team (www.tdigs.com) and its global footprint, including operations in the United States, China, India, Vietnam and South America.
Boston’s Longfellow Park Ventures LLC invests growth capital into companies with revenues from $5 to $25 million, with gross margins of at least 50% and have a strong track record of management success. The fund’s capital is non-dilutive, sector neutral and an inexpensive cost of capital relative to equity VC’s or private equity firms.
“TDI’s management team has deep experience and is laser-focused on serving its customers and growing into new global markets. Michael Haight, Longfellow Park Ventures, LLC’s Managing Director believes TDI’s passionate leaders, work ethic and ability to sustain its growth is impressive.”
Pickwick Capital Partners (www.pickwickcapitalpartners.com) served as the exclusive financial advisor to TDI. “Helping innovative companies obtain financing from suitable and often specialized institutional investors is a crucial part of our mission,” said Doug Greenwood, Pickwick CEO. “We look forward to the success of TDI and Longfellow.”
TDI: (https://www.linkedin.com/in/mark-majors-b0093a9/) Mark Majorsfirstname.lastname@example.org/785-580-7945
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