C-P Flexible Packaging—a manufacturer of flexible packaging including rollstock, premade pouches, resealable packaging, and shrink sleeves—acquired Genpak Flexible from The Jim Pattison Group, according to a report from Business Wire.
Genpak Flexible is a leading North American supplier of compostable packaging and offers a range of patented flexible packaging solutions. C-P Flexible Packaging in York, Pennsylvania, is a longstanding portfolio company of First Atlantic Capital, a New York-based private equity firm.
With facilities in Aurora, Ontario, and Lakeville, Minnesota, Genpak Flexible has expertise in customized die-cut rollstock and pouches, as well as paper-based laminations. This strategic investment complements C-P Flexible Packaging’s converting and printing capabilities, the company said. C-P Flexible Packaging’s North American footprint now consists of six locations with over 750 employees.
“This strategic acquisition provides our customers with a wider array of innovative flexible packaging options than ever before,” says Mike Hoffman, CEO of C-P Flexible Packaging. “Our two companies’ cultures are similar, with a laser-like focus on customers and continuous innovation.”