C-P Flexible Packaging, a portfolio company of First Atlantic Capital, has acquired Flexo Transparent from Sidereal Capital Group and ORIX Mezzanine & Private Equity.
Flexo Transparent is a maker of multi-colored flexible packaging products including custom-printed rollstock, bags, pouches and stretch sleeves primarily for food grade and retail consumer products. The company specializes in private label accounts with short to medium-sized production runs. Flexo Transparent is headquartered in Buffalo, NY (www.flexotransparent.com).
C-P Flexible Packaging is a manufacturer of flexible packaging for the snack food, bakery, confection and household chemical sectors. The company offers various flexible packaging products, including printed rollstock, stretch and shrink sleeves, and pouches. C-P Flexible, founded in 1959, utilizes an array of state-of-the-art presses, laminators and extruders and has 140,000 square feet of manufacturing and warehouse space across two facilities in York and Bristol, PA (www.cpflexpack.com).
“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.”
“We are pleased to continue to support C-P’s expansion as it evolves into a leader in the high-growth flexible packaging sector,” said Roberto Buaron, chairman and CEO of First Atlantic Capital. “The Flexo Transparent acquisition substantially increases the range of products and manufacturing capabilities we bring to the flexible packaging market.”
First Atlantic invests in middle-market companies that are active in the plastics and packaging, food and beverage, consumer and industrial products, and business services sectors. Since its inception in 1989, First Atlantic has acquired more than 70 companies and consolidated them into 22 major platforms. The firm is based in New York (www.firstatlanticcapital.com).
Sidereal Capital Group and ORIX Mezzanine & Private Equity acquired Flexo Transparent in September 2017.
Sidereal Capital Group invests in North America-based companies that have from $2 million to $8 million of EBITDA and are active in specialty manufacturing, industrial services, or business and information services. The firm is headquartered in Summit, NJ (www.siderealcapital.com).
ORIX Mezzanine & Private Equity (OMPE) provides from $10 million to $30 million of mezzanine debt and equity capital to lower middle market companies that have EBITDA of $5 million or greater. OMPE (www.orixmpe.com) is a business unit of Dallas-based ORIX USA (www.orix.com).
© 2019 Private Equity Professional | March 15, 2019