C-P Flexible Packaging (York, PA), a longstanding portfolio company of First Atlantic Capital and manufacturer of flexible packaging products, announced the acquisition of Flexo Transparent (Buffalo, NY) from Orix Mezzanine & Private Equity and Sidereal Capital Group. Terms of the transaction were not disclosed.
Founded in 1959, C-P Flexible Packaging manufactures pouches, re-sealable packages and shrink sleeves. It serves the food and consumer end markets, and is mainly focused on snacks, baked goods, confections and household chemicals.
“Flexo Transparent is a terrific strategic fit for our company as we expand across the northeast and aim to penetrate attractive new end markets,” said Mike Hoffman, President and CEO of C-P. “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.”
Flexo Transparent provides consumer retail customers with cost-efficient, high-quality flexible plastic packaging products, such as rollstock, wicketed bags, pouches and stretch sleeves, and employs state-of-the-art cold seal technology. Flexo Transparent will retain current management.
Brian Mabry, President of Flexo Transparent, 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.”