US-based flexible packaging company C-P Flexible Packaging (C-P) has acquired privately held flexible packaging firm Bass Flexible Packaging for an undisclosed sum.
Located in Lakeville, Minnesota, Bass specialises in manufacturing stand-up pouches, premade bags and shrink sleeves.
The company aims to deliver a wide range of order quantities in short lead times through its customer-centric service model.
Bass co-owner Andrew Shaffer said: “We are very proud of our team at Bass and the business that we’ve built.
“We believe our business is in excellent hands with C-P Flexible and that the combined resources of the two companies will only strengthen the opportunities for both employees and customers.“
The acquisition is intended to enable C-P to enter the confectionery and health and beauty segments, as well as strengthen its short run and short lead time capabilities.
Bass is also expected to complement C-P’s converting abilities.
C-P Flexible Packaging CEO Mike Hoffman said: “The Shaffers have developed one of the most agile service models in the industry at Bass, with precision focus on the market’s need for short lead times and run lengths.
“Combining this unique strength with their high-growth end markets complements C-P’s strategic initiatives in these areas.”
The acquisition comes after C-P acquired privately held packaging manufacturer Sycamore Sales, which traded as Preferred Packaging, in October last year.
The company now operates a network of 11 locations and has more than 1,000 employees in North America.
It is a portfolio company of First Atlantic Capital, a private equity firm based in the US.
First Atlantic Capital chairman Roberto Buaron said: “Our goal from the beginning was to create a diverse manufacturer of high-quality flexible packaging products used in a variety of markets throughout North America.
“With Bass and the other acquisitions completed in the past year, we are successfully achieving that goal.”