Overview Key strengths Key risks Strong market position in niche product categories with about 90% market share in 35 lb. high-density polyethylene (HDPE) edible oil containers. Limited end-market diversity and product breadth, with roughly half of its sales generated from edible oil containers for foodservice and retail food customers. Long-term contracts, which include provisions for the pass-through of raw material price changes. High customer concentration, with its top-10 customers representing about 60% of sales. Above-average EBITDA margins, which the company sustained through the downturn in foodservice markets due to the COVID-19 pandemic. Relatively small scale and narrow geographic diversity. Within the HDPE containers segment, edible oil volumes (which accounts for roughly 80% of net sales for HDPE containers and nearly
