Sun Capital Partners, the Boca Raton, Fla.-based private equity firm, has hired Jack Knott as a managing director. Knott was most recently chairman and CEO of Expopack Holding Corp., which makes flexible packaging and coated products and is an affiliated portfolio company of Sun Capital. Knott has also held executive posts at other companies in the packaging, plastic, and petrochemical industries, including Pliant Corp., Huntsman Packaging, and Rexene Corp.
Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that it has appointed Jack Knott as a Managing Director to serve on its operations team.
Knott has more than 30 years of experience in the packaging and petrochemical industries, most recently as Chairman and Chief Executive Officer of Exopack Holding Corp. (“Exopack”), a leading global manufacturer of flexible packaging and coated products, and an affiliated portfolio company of Sun Capital. In that role, Knott has built Exopack into a global market leader by completing a series of strategic acquisitions and successful integrations, streamlining operations and improving efficiency, continuously investing in state-of-the-art manufacturing equipment, developing innovative products, and generating strong organic growth.
Prior to his position with Exopack, Knott held executive management positions with private investment owned companies with interests in the packaging, plastic and petrochemical industries, including, Pliant Corporation, Huntsman Packaging, Rexene Corporation and CT Film. A chemical engineer by background, Knott is also a former Chairman of the Flexible Packaging Association.
Sun Capital has numerous investments in the packaging industry. Since inception, Sun Capital has completed more than 25 paper and packaging acquisitions with combined revenues of more than $3.5 billion. In addition to Exopack, current affiliated portfolio companies in the packaging sector include Albéa, a French-based supplier of tube, fragrance and cosmetic plastic packaging to the beauty industry; the Britton Group, a leading European provider of flexible packaging solutions; PACCOR, a leading European provider of rigid packaging solutions; and PaperWorks Industries, Inc., a leading North American integrated full-service packaging provider.
“Jack Knott knows the packaging industry inside and out. He has done an outstanding job building Exopack into a market leader with continued growth by executing on an effective strategic roadmap focused on efficiency and innovation. He understands how to create value and enhance customer service in the sector, and his talents and experience will be invaluable as we look to build on our successes in this industry,” said Bud Terry, Senior Managing Director at Sun Capital Partners.
“I am excited to join Sun Capital given its long and successful investment track record and believe I will deliver significant value to Sun Capital’s strong collection of portfolio companies in the packaging sector,” Knott said.
Knott will remain Chairman of Exopack and the Company’s President and Chief Operating Officer, Tom Vale, will serve as interim CEO.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in–house operating professionals and experience. Sun Capital affiliates have invested in more than 270 companies worldwide with combined sales in excess of $40 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen. For more information, please visit www.SunCapPart.com.