YORK, Pa.–(Organization WIRE)–C-P Versatile Packaging (C-P), a chief in the flexible packaging industry, announces the acquisition of privately held Bass Versatile Packaging, Inc. (Bass). With the addition of Bass, C-P expands into the extremely attractive confectionary and health & splendor markets and adds condition of the artwork shorter operate and limited lead time capabilities. C-P is a prolonged-standing portfolio enterprise of Initial Atlantic Cash, a New York based mostly non-public equity company. Phrases of the transaction have been not disclosed.
Positioned in Lakeville, MN, Bass has designed a consumer-centric service product supported by nimble belongings and units enabling the firm to satisfy shorter direct occasions for a broad breadth of buy quantities. Bass makes a selection of stand-up pouches, premade bags and shrink sleeves. This strategic investment decision complements C-P Flexible Packaging’s ideal-in-course changing capabilities. C-P Flexible Packaging’s North American footprint now consists of 11 destinations with around 1,000 workers.
In accordance to C-P Adaptable Packaging CEO Mike Hoffman, “The Shaffers have designed a single of the most agile service models in the marketplace at Bass, with precision focus on the market’s want for shorter direct periods and run lengths. Combining this distinctive power with their substantial-progress close marketplaces complements C-P’s strategic initiatives in these spots. We are fired up to welcome the Bass loved ones to our group!”
“We are very proud of our workforce at Bass and the organization that we have designed,” mentioned Andrew Shaffer, Co-Owner of Bass. “We feel our company is in fantastic fingers with C-P Flexible and that the blended resources of the two providers will only bolster the alternatives for both equally workers and customers.“
“The acquisition of Bass adds to our currently substantial situation in the adaptable packaging field. Our goal from the beginning was to make a various producer of large top quality versatile packaging products utilized in a range of marketplaces in the course of North The usa. With Bass and the other acquisitions done in the earlier yr we are productively reaching that goal,” claimed Roberto Buaron, Chairman of To start with Atlantic Capital.
To start with Atlantic Funds Managing Director, Emilio S. Pedroni, extra, “The Bass transaction represents a different stage in direction of constructing a North American chief in the flexible packaging sector with differentiated abilities. We are excited about becoming a member of forces with Bass which will increase our skill to satisfy buyer needs with amplified products proliferation and shorter lead moments in line with today’s current market demand from customers.”
To study far more about C-P Versatile Packaging’s expanded portfolio of versatile packaging products and abilities, check out cpflexpack.com.
About C-P Adaptable Packaging
Founded in 1958, C-P Versatile Packaging is a single of the prime 20 versatile packaging suppliers in the U.S. and supports the advancement attempts of some of the world’s leading consumer packaged products firms. Headquartered in York, PA., the company brings with each other a entire portfolio of adaptable packaging formats spanning High definition printed rollstock, premade pouches, shrink sleeves, stretch sleeves, poly baggage, roll-fed labels, reclose, cold-seal, cleanroom merchandise, thermoformed trays and recyclable flexible packaging. For a lot more information and facts on C-P Adaptable Packaging, visit www.cpflexpack.com.
About Initially Atlantic Money
Launched in 1989, 1st Atlantic Funds is a center industry non-public equity firm that leverages its comprehensive consulting and operational knowledge to purchase center marketplace companies, seeking to construct them up to turn out to be industry leaders. Since its inception, the company has finished in excess of 70 acquisitions, assembling 22 profitable platforms in numerous industries including plastics and packaging, food items and beverage, purchaser and industrial products and solutions and small business services. Notable investments in the packaging sector include things like Berry Plastics, Ranpak, Captive Plastics, Resource Label Team and C-P Versatile Packaging. For more information and facts, go to www.firstatlanticcapital.com.