C-P Flexible Packaging Announces Acquisition of Genpak Flexible
C-P Flexible Packaging — a manufacturer of flexible packaging including rollstock, premade pouches, resealable packaging and shrink sleeves — has announced the acquisition of Genpak Flexible from The Jim Pattison Group. Genpak Flexible is a North American supplier of compostable packaging and offers a wide range of unique, patented flexible packaging solutions. C-P Flexible Packaging is a longstanding portfolio company of First Atlantic Capital, a New York based private equity firm.
With facilities in Aurora, Ontario, and Lakeville, Minn., Genpak Flexible holds industry-leading expertise in customized die-cut rollstock and pouches, as well as paper-based laminations. This strategic investment complements C-P Flexible Packaging’s best-in-class converting and printing capabilities. C-P Flexible Packaging’s North American footprint now consists of six locations with over 750 employees.
According to C-P Flexible Packaging CEO Mike Hoffman, “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.”
“We are very proud of our team at Genpak Flexible and the company that they have built,” said David Cobb, Managing Director of The Jim Pattison Group. “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.”
Roberto Buaron, Chairman of First Atlantic Capital, said, “We are pleased to continue to support the expansion of C-P Flexible Packaging as it evolves into a leader in the high-growth flexible packaging sector. This acquisition unlocks additional value by substantially expanding the range of products and capabilities we bring to the marketplace.”
First Atlantic Capital Managing Director, Emilio S. Pedroni, added, “Our vision was to create a major player in the flexible packaging industry with diverse manufacturing capabilities — especially technologies to address speed to market and sustainability. With this transformational acquisition, we are well on our way to achieving our goal.”
Source: C-P Flexible Packaging
The preceding press release was provided by a company unaffiliated with Packaging Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of Packaging Impressions.
