Fortis Solutions Group, a portfolio company of Main Post Partners, has acquired Kala Packaging.
Kala Packaging is a printer of pressure-sensitive labels and flexible packaging, including pouches, to the food and beverage, health and beauty, and nutraceutical end-markets. The company’s capabilities include variable content printing, anti-counterfeiting and other security measures including micro text and invisible ink. Kala is headquartered near Provo in Orem, Utah.
Fortis Solutions, acquired by Main Post in December 2017, provides labeling and packaging – including pressure sensitive and shrink sleeve labels, multi-ply coupon and flexible packaging printing, extended booklet printing, folding cartons, label applicators and variable data printing – to companies active in the consumer-packaged goods sector.
Fortis now has fourteen manufacturing and sales offices across Texas, Oklahoma, Connecticut, Georgia, North Carolina, Missouri, Tennessee, Ohio, California, and Michigan. The company, led by CEO John Wynne, Jr., has more than 850 employees and is headquartered in Virginia Beach, Virginia.
“With its fleet of digital presses and top tier flexographic printing technology, CEO Maui Chai and the Kala team have established a national presence in the quick turn labels and flexible packaging markets,” said Mr. Wynne. “We are fortunate to join forces with such an outstanding team and are excited to further the value-added offerings we provide.”
Other recent add-on acquisitions for Fortis include ESOP-owned California-based Label Technology (June 2019), and Texas-based Infinite Packaging Group from Svoboda Capital Partners (January 2019).
San Francisco-based Main Post makes both control and non-control investments in consumer, business services and industrial companies with revenues of $25 million to $250 million and EBITDA of $5 million to $25 million. The firm was founded in April 2014 by managing partners Sean Honey and Jeffrey Mills, both former partners at private equity firm Weston Presidio.
© 2020 Private Equity Professional | December 11, 2020
