C-P Flexible Packaging, a portfolio company of First Atlantic Capital, has acquired Genpak Flexible, an Aurora, Ontario- and Lakeville, Minnesota-based provider of film, foil and paper packaging products. No financial terms were disclosed. The seller was Vancouver, British Columbia-based conglomerate The Jim Pattison Group.
YORK, PA., June 19, 2020—C-P Flexible Packaging—a leading manufacturer of flexible packaging including rollstock, premade pouches, resealable packaging and shrink sleeves—announced today the acquisition of Genpak Flexible from The Jim Pattison Group. Genpak Flexible is a leading 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, Minnesota, 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.”
To learn more about C-P Flexible Packaging’s expanded portfolio of flexible packaging products and capabilities, visit cpflexpack.com.
About C-P Flexible Packaging
Founded in 1959, C-P Flexible Packaging is one of the top 20 flexible packaging suppliers in the U.S. and supports the growth efforts of some of the world’s leading consumer packaged goods companies. Headquartered in York, PA., the company brings together a full portfolio of flexible packaging formats spanning HD printed rollstock, premade pouches, shrink sleeves, stretch sleeves, poly bags, roll-fed labels, reclose, cold-seal and recyclable flexible packaging. For more information on C-P Flexible Packaging, visit www.cpflexpack.com.
About First Atlantic Capital
Founded in 1989, First Atlantic Capital is a middle market private equity firm that leverages its extensive consulting and operational experience to acquire middle market companies, seeking to build them up to become market leaders. Since its inception, the firm has completed over 70 acquisitions, assembling 22 successful platforms in various industries including plastics and packaging, food and beverage, consumer and industrial products and business services. Notable investments in the packaging industry include Berry Plastics, Ranpak, Captive Plastics, Resource Label Group and C-P Flexible Packaging. For additional information, visit www.firstatlanticcapital.com.