Ampac Packaging Acquires International Retort Pouch Converter-Floeter Flexible Packaging
Thursday September 6, 8:00 am ET
CINCINNATI, Sept. 6 /PRNewswire-FirstCall/ -- Ampac Packaging LLC has acquired privately-held, Floeter Flexible Packaging Group, Eberdingen, Germany for an undisclosed amount.
Floeter specializes in stand-up pouch converting and is known for its best-in-class retort pouch-making capability. Founded in 1985, Floeter is a supplier to many premier, multinational global food and pet food brands.
The acquisition includes two manufacturing locations in Germany (Eberdingen, near Stuttgart, and Leipzig), one in India (New Delhi), and one in the United States (Chicago). Going forward, Floeter and its employees will become part of the Ampac Flexibles division of Ampac Holdings LLC.
"We could not be more excited about Ampac and Floeter joining together. This is a remarkable combination of organizations, technology and capabilities. The company's long standing reputation as a frontrunner and technology leader for preformed retort pouches makes the acquisition a perfect next step in our strategic growth plan," says John Baumann, president and chief executive officer, Ampac.
The Floeter organization is headed by Marc Rapp, CEO, who will continue as an Ampac shareholder and president of Ampac's global pouching division. Rapp founded Floeter in 1985 and has gained a global reputation as an expert in retort pouch converting.
"This acquisition and the combination of two strong pouching companies will generate synergies for both. Our respective customers will now be able to benefit from shared technology and manufacturing expertise," says Rapp.
With Rapp at the helm, Floeter will continue as a standalone company, reporting to George Thomas, vice president and general manager, Ampac Flexibles.
"Through Marc's leadership, the company's operating and sales teams are known for their rigorous quality and service levels. We look forward to welcoming Floeter's team of experts to Ampac. The acquisition is just one more step towards Ampac becoming the world's premier supplier of stand-up pouches," says Thomas.
Floeter has built its reputation as the technology, quality, and service leader in pouch manufacturing. In the '90s, the company anticipated worldwide growth in pouch usage, continuously investing in leading edge equipment and proprietary pouch producing capabilities.
Ampac Packaging LLC, a diversified, international, flexible packaging company, is privately held, and is owned by senior executives together with equity backing by Prudential Capital Group and Falcon Investment Advisors.
With the addition of Floeter, Ampac will operate 14 manufacturing centers in North America, Europe, and Asia. Ampac employs approximately 1,300 people with annual revenues in excess of $300 million. In addition to products offered by Ampac Flexibles, the company is the preeminent supplier of retail specialty shopping bags and security packaging solutions to the major department stores and specialty retailers throughout North America.
For more information, visit Ampac's website at: www.ampaconline.com.
Please forward sales inquiries to:
Ampac Flexibles
12025 Tricon Rd
Cincinnati, OH 45246
Phone: (513) 671-1777
Fax: (513) 671-2920
Email: ampacflexibles@ampaconline.com
Source: Ampac Packaging LLC
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Prime Graphics Completes Asset Acquisition of Print Flex
Thursday September 6, 6:00 am ET
WOOD DALE, Ill.--(BUSINESS WIRE)--Prime Graphics, Inc., a market-leading provider of innovative decorative packaging solutions, today announced the asset acquisition of Print Flex, Inc., a privately-held flexographic printer and packaging converter located in Bensenville, Illinois. The transaction is a strategic acquisition of a complementary business in the packaging sector, effectively doubling Prime Graphics' capacity and increasing its capabilities.
"Our acquisition of the Print Flex operation represents another significant step for us, increasing our presence in the dynamic packaging market and further expanding the platform from which we serve our customers," said Bill Hunter, President of Prime Graphics. "The combined technologies, knowledge and experience of our two companies will allow Prime Graphics to continue to innovate and provide more cost-effective solutions to our customer's packaging needs."
Print Flex's facility will remain operational through a short transition period, with key operational, customer support, sales personnel and equipment relocating to Prime Graphic's Wood Dale, Illinois facility in early to mid September. The terms of the transaction were not disclosed.
For more information on Prime Graphics please contact 1-630-227-1300 or visit www.primegraphicsinc.com.
ABOUT PRIME GRAPHICS, INC.
Prime Graphics, Inc., a privately-held company headquartered in Wood Dale, Illinois, is a leading provider of innovative packaging solutions and decorative labels to consumer product companies within food, beverage, personal care, household, medical, and private label markets. Founded in 1980, Prime Graphics is known for award-winning flexographic printing specializing in flexible packaging, shrink sleeves, roll-fed and pressure-sensitive labels. Prime Graphics' commitment to continued growth and excellence is led by continual investments in new technologies and increased efficiencies. Proprietary products include FlexWrap, InnoWrap, and SleeveRite.
Contact:
Prime Graphics, Inc.
Cy Harris
Vice President, Sales and Marketing
Phone: 630-227-1300 X302
Email: charris@primegraphicsinc.com
Source: Prime Graphics, Inc.
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