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YORK, Pa.–(BUSINESS WIRE)–C-P Versatile Packaging (C-P), a pacesetter within the versatile packaging trade, proclaims the acquisition of privately held Bass Versatile Packaging, Inc. (Bass). With the addition of Bass, C-P expands into the extremely enticing confectionary and well being & magnificence markets and provides cutting-edge brief run and brief lead time capabilities. C-P is a long-standing portfolio firm of First Atlantic Capital, a New York based mostly non-public fairness agency. Phrases of the transaction weren’t disclosed.
Positioned in Lakeville, MN, Bass has developed a customer-centric service mannequin supported by nimble property and programs enabling the corporate to satisfy brief lead occasions for a large breadth of order portions. Bass produces a wide range of stand-up pouches, premade luggage and shrink sleeves. This strategic funding enhances C-P Versatile Packaging’s best-in-class changing capabilities. C-P Versatile Packaging’s North American footprint now consists of 11 areas with over 1,000 workers.
Based on C-P Versatile Packaging CEO Mike Hoffman, “The Shaffers have developed one of the crucial agile service fashions within the trade at Bass, with precision focus available on the market’s want for brief lead occasions and run lengths. Combining this distinctive energy with their high-growth finish markets enhances C-P’s strategic initiatives in these areas. We’re excited to welcome the Bass household to our workforce!”
“We’re very happy with our workforce at Bass and the enterprise that we’ve constructed,” mentioned Andrew Shaffer, Co-Proprietor of Bass. “We imagine our enterprise is in wonderful arms with C-P Versatile and that the mixed assets of the 2 firms will solely strengthen the alternatives for each workers and prospects.“
“The acquisition of Bass provides to our already substantial place within the versatile packaging trade. Our purpose from the start was to create a various producer of top of the range versatile packaging merchandise utilized in a wide range of markets all through North America. With Bass and the opposite acquisitions accomplished prior to now yr we’re efficiently reaching that purpose,” mentioned Roberto Buaron, Chairman of First Atlantic Capital.
First Atlantic Capital Managing Director, Emilio S. Pedroni, added, “The Bass transaction represents one other step in direction of constructing a North American chief within the versatile packaging trade with differentiated capabilities. We’re enthusiastic about becoming a member of forces with Bass which can broaden our means to satisfy buyer wants with elevated product proliferation and shorter lead occasions consistent with immediately’s market demand.”
To study extra about C-P Versatile Packaging’s expanded portfolio of versatile packaging merchandise and capabilities, go to cpflexpack.com.
About C-P Versatile Packaging
Based in 1958, C-P Versatile Packaging is among the prime 20 versatile packaging suppliers within the U.S. and helps the expansion efforts of among the world’s main shopper packaged items firms. Headquartered in York, PA., the corporate brings collectively a full portfolio of versatile packaging codecs spanning HD printed rollstock, premade pouches, shrink sleeves, stretch sleeves, poly luggage, roll-fed labels, reclose, cold-seal, cleanroom merchandise, thermoformed trays and recyclable versatile packaging. For extra data on C-P Versatile Packaging, go to www.cpflexpack.com.
About First Atlantic Capital
Based in 1989, First Atlantic Capital is a center market non-public fairness agency that leverages its intensive consulting and operational expertise to amass center market firms, looking for to construct them as much as turn into market leaders. Since its inception, the agency has accomplished over 70 acquisitions, assembling 22 profitable platforms in numerous industries together with plastics and packaging, meals and beverage, shopper and industrial merchandise and enterprise providers. Notable investments within the packaging trade embrace Berry Plastics, Ranpak, Captive Plastics, Useful resource Label Group and C-P Versatile Packaging. For added data, go to www.firstatlanticcapital.com.
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