Flexible packaging products manufacturer C-P Flexible Packaging has purchased custom plastic manufacturing and printing solutions provider Flexo Transparent from ORIX Mezzanine and Private Equity and Sidereal Capital Group.
Based in Buffalo, New York, Flexo Transparent offers flexible plastic packaging products, including rollstock, wicketed bags, pouches and stretch sleeves to customers in the retail segment.
The transaction is complete and Flexo Transparent will retain current management. Terms of the deal were not disclosed.
C-P Flexible Packaging president and CEO Mike Hoffman said: “Flexo Transparent is a terrific strategic fit for our company as we expand across the Northeast and aim to penetrate attractive new-end markets.
“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.”
Established in 1959, C-P Flexible Packaging is a portfolio company of New York-based private investment firm First Atlantic Capital. It offers packaging solutions to stable food and consumer end-markets such as snacks, baked goods, confections and household chemicals.
The company offers converted and printed rollstock, stretch and shrink sleeves, and pouches to blue-chip customers across the US. It operates production facilities in York and Bristol, Pennsylvania.
Flexo Transparent president Brian Mabry 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.”