C-P Flexible Packaging Announces Acquisition of Bass Flexible Packaging, Inc. and Expands in High Growth Confectionary and Health & Beauty Markets
YORK, Pa.–(Business enterprise WIRE)–C-P Versatile Packaging (C-P), a chief in the versatile packaging business, announces the acquisition of privately held Bass Versatile Packaging, Inc. (Bass). With the addition of Bass, C-P expands into the highly appealing confectionary and wellbeing & splendor marketplaces and provides point out of the art quick operate and brief guide time abilities. C-P is a extensive-standing portfolio firm of Initially Atlantic Money, a New York based mostly private equity agency. Phrases of the transaction were being not disclosed.
Situated in Lakeville, MN, Bass has made a shopper-centric company model supported by nimble property and programs enabling the enterprise to meet up with quick lead periods for a huge breadth of order portions. Bass makes a assortment of stand-up pouches, premade luggage and shrink sleeves. This strategic financial commitment enhances C-P Flexible Packaging’s finest-in-course converting abilities. C-P Flexible Packaging’s North American footprint now is made up of 11 destinations with in excess of 1,000 workers.
According to C-P Versatile Packaging CEO Mike Hoffman, “The Shaffers have formulated just one of the most agile services versions in the sector at Bass, with precision focus on the market’s need to have for small direct occasions and operate lengths. Combining this distinctive strength with their substantial-development conclusion marketplaces complements C-P’s strategic initiatives in these spots. We are excited to welcome the Bass loved ones to our staff!”
“We are quite proud of our crew at Bass and the organization that we have crafted,” explained Andrew Shaffer, Co-Owner of Bass. “We feel our small business is in great fingers with C-P Adaptable and that the put together assets of the two organizations will only improve the prospects for both of those employees and shoppers.“
“The acquisition of Bass adds to our by now sizeable place in the versatile packaging market. Our aim from the beginning was to produce a varied producer of significant high quality adaptable packaging solutions used in a wide variety of markets in the course of North The united states. With Bass and the other acquisitions done in the previous calendar year we are effectively accomplishing that target,” claimed Roberto Buaron, Chairman of Initially Atlantic Cash.
1st Atlantic Capital Taking care of Director, Emilio S. Pedroni, added, “The Bass transaction signifies one more step in direction of setting up a North American leader in the flexible packaging field with differentiated abilities. We are enthusiastic about signing up for forces with Bass which will develop our means to fulfill buyer requirements with enhanced solution proliferation and shorter direct periods in line with today’s current market need.”
To find out extra about C-P Versatile Packaging’s expanded portfolio of adaptable packaging solutions and abilities, check out cpflexpack.com.
About C-P Flexible Packaging
Founded in 1958, C-P Adaptable Packaging is 1 of the top rated 20 versatile packaging suppliers in the U.S. and supports the growth attempts of some of the world’s leading shopper packaged goods providers. Headquartered in York, PA., the firm provides together a total portfolio of versatile packaging formats spanning High definition printed rollstock, premade pouches, shrink sleeves, extend sleeves, poly baggage, roll-fed labels, reclose, chilly-seal, cleanroom goods, thermoformed trays and recyclable adaptable packaging. For extra details on C-P Versatile Packaging, visit www.cpflexpack.com.
About Very first Atlantic Funds
Founded in 1989, Very first Atlantic Funds is a center sector personal equity business that leverages its in depth consulting and operational encounter to get center marketplace businesses, trying to find to build them up to turn out to be sector leaders. Given that its inception, the company has accomplished more than 70 acquisitions, assembling 22 effective platforms in different industries together with plastics and packaging, food items and beverage, shopper and industrial merchandise and business enterprise products and services. Notable investments in the packaging sector include Berry Plastics, Ranpak, Captive Plastics, Resource Label Group and C-P Flexible Packaging. For extra data, pay a visit to www.firstatlanticcapital.com.
