Flexible packaging manufacturer C-P Flexible Packaging has acquired North American compostable packaging solution provider Genpak Flexible.
Financial details of the acquisition have not been disclosed; however, Genpak Flexible has been purchased from The Jim Pattison Group.
The Jim Pattison Group managing director David Cobb said: “We believe both the employees and customers are in excellent hands with C-P Flexible Packaging and that the combined resources of the two companies will only strengthen the opportunities for both employees and customers.”
Genpak Flexible is a provider of customised die-cut roll stock and pouches and paper-based laminations. It also offers a wide range of patented flexible packaging solutions.
The acquisition enhances the C-P Flexible Packaging’s advanced converting and printing capabilities.
Following the deal, C-P Flexible Packaging now has six locations with more than 750 employees in North America.
C-P Flexible Packaging CEO Mike Hoffman said: “With the unique capabilities and sustainable packaging portfolio of Genpak Flexible, this strategic acquisition provides our customers with a wider array of innovative flexible packaging options than ever before.
“Our two companies’ cultures are similar, with a laser-like focus on customers and continuous innovation. We’ve been highly impressed by the talent and resources within Genpak Flexible, and we are excited to move forward in creating more value for our customers.”
Headquartered in York, Pennsylvania, C-P Flexible Packaging manufactures rollstock, premade pouches, resealable packaging and shrink sleeves.
The company is a portfolio company of New York-based First Atlantic Capital.
In March last year, C-P Flexible Packaging purchased custom plastic manufacturing and printing solutions provider Flexo Transparent from ORIX Mezzanine and Private Equity and Sidereal Capital Group.