(PRESS RELEASE) YORK, PA — C-P Flexible Packaging (C-P), a flexible-packaging provider, announced the acquisition of Prestige-Pak Inc., a privately held manufacturer in Wisconsin focusing on printed packaging films for the retail food markets.
C-P Flexible Packaging is a portfolio company of First Atlantic Capital, a New York-based private equity firm. Terms of the transaction were not disclosed.
Prestige-Pak is a second-generation, family-owned converter bringing capabilities including 10-color flexographic printing, laminating, custom slitting and a variety of prepress services.
“Prestige-Pak is an excellent addition to the C-P family,” said Mike Hoffman, CEO of C-P. “We are excited to add Prestige-Pak’s state-of-the-art, spotless facility to our portfolio and benefit from their focus on rapid response and problem-solving capabilities. Together with Prestige-Pak, we are expanding our ability to support our customers with their supply chain needs. C-P continues to invest and grow rapidly to address ever-changing market demands.”
Vince Kuber, president of Prestige-Pak, Inc., said, “We are excited to join C-P and see our two companies as highly complementary. The new, larger organization will provide our customers with a broader portfolio of products and access to C-P’s sustainable technologies.”
To learn more about C-P Flexible Packaging’s expanded portfolio of flexible packaging products, visit cpflexpack.com.
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