The transaction demonstrates PKF Investment Banking's expertise in identifying the optimal strategic partner and maximizing value through a global auction process

WOODCLIFF LAKE, N.J., Oct. 7, 2025 /PRNewswire/ -- PKF Investment Banking, the investment banking affiliate and subsidiary of PKF O'Connor Davies Advisory LLC, announced today that it represented Reef Industries Inc. ("Reef Industries" or the "Company") in the sale of its business to Inteplast Group.

"We're delighted to have acted as the exclusive financial advisors to the shareholders of Reef Industries on this transformative transaction," said Alberto Sinesi, Director at PKF Investment Banking. "Our team succeeded in managing a comprehensive global auction process efficiently while achieving the shareholders' primary objectives – maximizing value, ensuring the continuity of the Company's legacy and positioning the business for future growth."

Headquartered in Houston, TX, and founded in 1957, Reef Industries is the category leader in the manufacturing of premium-quality reinforced plastic films, laminates and tapes critical to a wide range of applications and end markets, including maintenance and repairs of industrial and commercial buildings, freight transportation, telecommunications/datacenters, HVAC services, utility infrastructure and many other growing industry segments. Reef Industries' product portfolio encompasses barricade tape, concrete curing covers, agriculture covers, tarps, liners, vapor retarders, packaging and more. The products are sold under the well-known trademarks Armorlon®, Permalon®, Griffolyn®, Banner Guard® and Terra Tape®.

Established in 1991, Inteplast Group is a leading integrated plastics and paper manufacturer with presence across diverse markets including healthcare, food service, packaging, building products, grocery, retail, sanitation, industrial and graphic arts. Headquartered in Livingston, NJ, Inteplast Group employs over 9,000 employees and operates more than 60 facilities worldwide, including their flagship manufacturing complex in Lolita, TX.

"The PKF Investment Banking team provided invaluable experience and continuous support throughout our entire engagement and their collaboration proved indispensable to the ultimate success of this transaction," said Troy Taylor, President of Reef Industries. "At this pivotal time in Reef Industries' history, Inteplast Group is the ideal strategic partner. This acquisition will serve as a catalyst for our Company's continuing evolution."

About PKF Investment Banking

PKF O'Connor Davies Capital LLC (DBA PKF Investment Banking) is a subsidiary and investment banking affiliate of PKF O'Connor Davies Advisory LLC. Whether a business owner is ready to sell the company or seeking growth through acquisition, our investment banking team is committed and credentialed to help owners achieve their objectives. PKF Investment Banking provides guidance through every step of the process and brings the expertise to enhance certainty to close – while always staying focused on maximizing the value derived from the transaction.

With deep expertise in and a dedicated focus on the lower middle market, the PKF Investment Banking team has completed over 300 M&A engagements in North America and abroad throughout their careers. The firm has extensive experience partnering with business owners across a broad range of industries, encompassing business and professional services, consumer and food & beverage, distribution, diversified industrials and software/IT services among others. For more information, visit www.pkfib.com.

Securities-related transactions are processed through an unaffiliated broker-dealer, Burch & Company, Inc.

About PKF O'Connor Davies

PKF O'Connor Davies is a top-tier accounting, tax and advisory practice with a long history of serving domestic and international clients. "Know Greater Value" speaks to the confidence and guidance that our clients realize when they work with us. It reinforces our commitment to delivering the highest levels of value, expertise and service in everything we do. Our clients Know Greater Connections, Know Greater Insights and Know Greater Value. "PKF O'Connor Davies" is the brand name under which PKF O'Connor Davies LLP and PKF O'Connor Davies Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. PKF O'Connor Davies LLP is a licensed CPA firm that provides attest services and PKF O'Connor Davies Advisory LLC and its subsidiary entities provide tax and advisory services.

For more information, please visit pkfod.com, and follow us on LinkedIn and X (formerly Twitter).

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SOURCE PKF O’Connor Davies