C-P Flexible Packaging Expands Production Capabilities and Footprint Through Strategic Acquisition of Flexo Transparent
YORK, Pa.--(BUSINESS WIRE)--Mar 14, 2019--C-P Flexible Packaging (“C-P”), a leading manufacturer of flexible packaging products, including pouches, re-sealable packages and shrink sleeves, today announced it has acquired Flexo Transparent, a premier custom plastic manufacturing & printing solutions provider, from ORIX Mezzanine & Private Equity and Sidereal Capital Group. Terms of the transaction were not disclosed. C-P is a long-standing portfolio company of First Atlantic Capital, a New York-based private investment firm.
Based in Buffalo, NY, Flexo Transparent provides its consumer retail customers with cost-efficient, high-quality flexible plastic packaging products, such as rollstock, wicketed bags, pouches and stretch sleeves, and employs state-of-the-art cold seal technology. Flexo Transparent will retain current management.
“Flexo Transparent is a terrific strategic fit for our company as we expand across the Northeast and aim to penetrate attractive new end markets,” said Mike Hoffman, President and CEO of C-P. “We look forward to leveraging Flexo Transparent’s innovative manufacturing platform and strong team that routinely delivers quality, service, and package solutions, as we continue to execute on our strategy. I am thrilled to welcome the Flexo employees to the C-P team.”
Roberto Buaron, Chairman and CEO of First Atlantic Capital, said, “We are pleased to continue to support C-P’s expansion as it evolves into a leader in the high-growth flexible packaging sector. The Flexo Transparent acquisition substantially increases the range of products and manufacturing capabilities we bring to the flexible packaging market.”
First Atlantic Capital Managing Director, Emilio S. Pedroni, added, “The acquisition of Flexo Transparent, combined with C-P’s resources, strengthens the value of the company for our customers. C-P’s strong operational focus will further enhance Flexo Transparent’s ability to deliver top quality products.”
Brian Mabry, President of Flexo Transparent, said, “Since my father took ownership of the company in 1987, we have been providing our customers with outstanding service and quality packaging. I’m very proud of our team and all that we have accomplished over the years. Flexo Transparent is excited to partner with C-P and we look forward to working with them to expand our capabilities and drive our future growth.”
About C-P Flexible Packaging
Founded in 1959, C-P Flexible Packaging is a premier flexible packaging company serving stable food and consumer end-markets mainly focused on snacks, baked goods, confections and household chemicals. C-P provides converted and printed rollstock, stretch & shrink sleeves, and pouches to blue chip customers on a regional and national basis. Located in York, PA, the company operates state-of-the-art manufacturing facilities in York and Bristol, PA.
About First Atlantic Capital
Founded in 1989, First Atlantic Capital is a middle market private equity firm that leverages its extensive consulting and operational experience to acquire middle market companies, seeking to build them up to become market leaders. Since its inception, the firm has completed more than 70 acquisitions, assembling 22 successful platforms in various industries that include plastics and packaging, food and beverage, consumer and industrial products and business services. Notable investments in the packaging industry include Berry Plastics, Ranpak, Captive Plastics, Resource Label Group and C-P Flexible Packaging. For additional information visit www.firstatlanticcapital.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190314005250/en/
CONTACT: For First Atlantic:
Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK PENNSYLVANIA
INDUSTRY KEYWORD: TRANSPORT MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT CHEMICALS/PLASTICS PACKAGING
SOURCE: C-P Flexible Packaging
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PUB: 03/14/2019 08:00 AM/DISC: 03/14/2019 08:01 AM