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January 6, 2021

Action Packaging and Signature to merge following H.I.G. investment

US-headquartered companies Action Point and Signature Flexible Packaging are set to merge and create a premier flexible packaging platform.

US-headquartered companies Action Point and Signature Flexible Packaging are set to merge and create a premier flexible packaging platform.

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The combination follows after an affiliate of global alternative investment firm H.I.G. completed growth investments into the two firms.

Action and Signature specialise in printing, conversion and supply of roll stock, pouches, and bags for flexible food and consumer packaging applications.

The two companies operate three facilities in three Californian cities, including Carson, City of Industry, and Commerce.

H.I.G. managing director Ryan Kaplan said: “We believe the combination of Action and Signature represents an ideal opportunity to create a premier flexible packaging platform at a time when market tailwinds such as changing consumer preferences (e.g., convenience, on-the-go consumption) and shifts to lower-cost packaging should continue to drive growth.

“We look forward to supporting Howard, Adrian, Federico, and their respective management teams as they continue to broaden their customer base, product offering, geographic reach, and service capabilities through the company’s next exciting phase of organic and inorganic growth.”

Following the merger, Action and Signature will serve as a full-service flexible food and consumer packaging solutions provider.

To complete this investment, H.I.G. will establish a partnership with Action CEO Howard Applebaum, Signature CEO Adrian Backer and Action EVP Federico Giacobbe, as well as the current management team, to provide capital and resources.

Signature CEO Adrian Backer said: “The company has numerous opportunities to expand and H.I.G.’s capital and resources, particularly around M&A, will help us continue our successful growth trajectory.”

Related Companies

Free Whitepaper
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Making the Packaging System Fit the Circular Economy

For the packaging industry to achieve a sustainable future, it needs to dramatically increase circularity and the reuse of materials. While shifting from a linear economy to a circular model will take time, there are already actions that brands, manufacturers, and converters can already take to help make a difference. This document by Siegwerk – a global leader in inks and coatings for packaging – delves into solving the plastic paradox, looks at the relevance of bioplastics, and sets out ways to not only achieve circularity in packaging but also make it economically viable. Furthermore, the document goes into detail on how printing inks and coatings are vital for enabling circularity in packaging. Ultimately, the packaging system needs to be reconfigured for a circular future. And consumers are expecting the packaging industry to play its part in progress. To take the first step towards circularity, download this document.
by Siegwerk
Enter your details here to receive your free Whitepaper.

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