Packaging Acquisitions in United States

Inovar Packaging Group, LLC acquired Kiliper Corporation, a family-owned wide-web printing and converting business producing stretch sleeves, roll-fed labels, polybags, and printed film solutions. The deal expands Inovar’s product capabilities and strengthens its footprint in the Midwest as part of its ongoing acquisition-driven growth strategy. Kiliper is owned and operated by siblings Tom Kiliper and Lindsay Maysent, who will remain as Co-Presidents following the transaction.

ORBIS Corporation acquired thermoforming specialist Robinson Industries to expand its manufacturing footprint and accelerate delivery of reusable, sustainable packaging solutions across global supply chains. Robinson Industries, founded in the 1940s and headquartered in Coleman, Michigan, will transition to the ORBIS brand; the deal includes Robinson’s two Coleman manufacturing facilities and approximately 100 employees. Financial terms were not disclosed.

PaperTech, a Findlay, Ohio-based manufacturer of pressed paperboard products for food packaging and foodservice, completed its acquisition of Bake-Best Trays, a Redmond, Oregon-based manufacturer of pressed paperboard trays. The deal expands PaperTech’s food-focused sustainable packaging platform by adding Bake-Best’s ovenable tray formats and microwave active susceptor solutions to improve browning and crisping for prepared food applications. PaperTech is a portfolio company of May River Capital.

Southeastern, a provider of integrated print, fulfillment, and promotional products solutions, announced the acquisition of Sunbelt and its related entities Sunbelt Graphics and Sunbelt Dimensional. The deal expands Southeastern’s dimensional and structural printing, custom packaging, and specialty print capabilities, with the business operating under Southeastern as Sunbelt Dimensional.

Butterfly Equity, a Los Angeles-based private equity firm focused on the food and beverage sector, completed its acquisition of ePac Holdings (operator of ePac Flexible Packaging) from an investor consortium that included Amcor and Indevco North America; financial terms were not disclosed. ePac, founded in 2016 and headquartered in San Diego, California, is a producer of digitally printed flexible packaging operating a 14-facility network across the United States and Canada, supported by its proprietary ePacONE technology platform. Butterfly described the transaction as its first platform investment in packaging, with ePac’s incumbent management team (led by CEO/co-founder Virag Patel) continuing to lead the company and retaining significant ownership.

PPC Flex, a North American flexible packaging manufacturer sponsored by GTCR, announced it has acquired the United States operations of SÜDPACK. The acquired business includes SÜDPACK’s US facilities in Oak Creek, Wisconsin, adding flexographic printing/conversion and cold-seal technology capabilities and expanding PPC Flex’s manufacturing footprint across consumer and healthcare packaged goods end markets.

Platinum Equity made a significant investment in Norton Packaging, a manufacturer of plastic pails and other high-performance rigid packaging products used in industrial and consumer end markets. Norton Packaging’s CEO Greg Norton and the Norton family retained a significant ownership stake, with Greg Norton continuing to lead the business; financial terms were not disclosed.

Arcline Investment Management announced it has sold its portfolio companies American Holt and Pride Engineering (collectively known as “AmHolt”) to ProMach. AmHolt supplies engineered aftermarket parts and consumables serving food and beverage packaging and processing markets, with facilities in Massachusetts, Quebec, and Minnesota.

SupplyOne acquired Wertheimer Box, a Chicago-area corrugated packaging provider, to expand its presence in the Midwest and strengthen its custom corrugated packaging offering. Wertheimer Box, founded in 1939 and based in McCook, Illinois, produces custom shipping boxes, branded packaging, e-commerce mailers, and point-of-purchase retail displays.

JohnsByrne, a premium folding carton and specialty packaging provider backed by GHK Capital Partners, acquired Municipal Packaging, a premium custom packaging company based in Los Angeles, California. The acquisition expands JohnsByrne’s capabilities in premium and specialty packaging—particularly for the Health & Beauty market—and strengthens its West Coast presence by adding two facilities and 75 employees.

Nelipak Corporation, a global provider of healthcare packaging solutions, completed the acquisition of Merrill's Packaging. Merrill's Packaging specializes in custom thermoformed packaging for medical device, pharmaceutical, and life science applications, with ISO 13485-certified production sites in Burlingame, California and Alajuela, Costa Rica.

Inovar Packaging Group, LLC acquired Enterprise Marking Products (EMP), a flexographic label printing company headquartered in Fishers, Indiana. The deal expands Inovar’s Midwest footprint and strengthens its capabilities in durable and industrial labeling, including pressure-sensitive and non-adhesive labels for industrial/container, food and beverage, and consumer durable goods markets.

Larson Packaging Company (LPC) acquired Great Western Eagle Packaging, Inc. (GWEP), a California-based supplier of high-precision case inserts and complex foam packaging solutions. The acquisition expands LPC’s engineering and fabrication capabilities for aerospace, defense/military, drone, and advanced-technology applications and increases its California manufacturing footprint through GWEP’s Ontario facility. GWEP CEO Todd Teach will join LPC’s leadership team to focus on business development and strategic customer relationships.

PaperWorks Industries Inc. acquired Color Craft Graphic Arts, a folding-carton packaging producer founded in 1929 and headquartered in Manitowoc, Wisconsin. The deal expands PaperWorks’ integrated folding carton network, adding Color Craft’s facility and approximately 120 employees, and aligns with PaperWorks’ growth strategy and mill/facility footprint. Color Craft, a portfolio company of First Capital Partners, was advised by Mesirow as exclusive financial advisor.

SupplyOne, Inc. acquired Lamb & Associates Packaging, Inc., an Arkansas-based corrugated packaging manufacturer headquartered in Maumelle with an additional facility in Springdale. The deal expands SupplyOne’s Midwest footprint and adds manufacturing and advanced digital printing capabilities (including an EFI Nozomi) to enhance SupplyOne Digital. The acquisition is described as SupplyOne’s 45th since its founding.

TricorBraun, a global packaging leader, acquired Craft Beverage Warehouse, a Milwaukee-headquartered specialist provider of digital printing for canned beverage companies. The deal expands TricorBraun’s North American beverage packaging and digital printing capabilities, with Craft Beverage Warehouse expected to operate under its name until early 2026 before being fully integrated into TricorBraun’s CanSource business. Financial terms were not disclosed.

Arsenal Capital Partners completed the acquisition of ThermoSafe from Sonoco Products Company. ThermoSafe, headquartered in Arlington Heights, Illinois, provides temperature assurance (cold chain) packaging technologies and related design, testing, qualification, and validation services for the transport of pharmaceuticals, biologics, and vaccines.

Precision Concepts International, LLC (PCI), a portfolio company of The Sterling Group, has acquired Comar. The transaction creates a scaled rigid packaging platform serving consumer and healthcare customers across North America, expanding PCI’s product breadth and geographic diversification.

Georgia-Pacific completed its acquisition of Anchor Packaging, a designer and manufacturer of rigid food containers and foodservice cling film. The deal transfers to Georgia-Pacific all equity previously held by Anchor Packaging investors, including private equity firm TJC, L.P. Anchor Packaging will operate as a wholly owned subsidiary, adding four manufacturing facilities and two warehouses to Georgia-Pacific’s consumer products platform and complementing its Dixie business.

ProAmpac acquired the bag converting operations of International Paper (IP), expanding ProAmpac’s converting capabilities and supporting its “Fiberization of Packaging” strategy. IP’s bag operations, with manufacturing sites in California, Oregon, and Texas, produce customizable kraft paper bags for grocery, convenience store, and quick-service restaurant markets. Financial terms were not disclosed.

Veritiv Operating Company acquired Packaging Solutions, a supplier of custom packaging products and services serving Southern California. The deal expands Veritiv’s specialty packaging distribution reach in the region and adds Packaging Solutions’ established customer base; Packaging Solutions is led by owner/CEO John Tree. Alston & Bird, LLP served as legal adviser to Veritiv.

Bear Paper Tube, a specialty manufacturer of industrial paper tubes and cores headquartered in Dalton, Georgia, has completed a partnership with Owner Resource Group (ORG), a private investment firm based in Austin, Texas. ORG is recapitalizing the business to support geographic and end-market expansion and continued manufacturing investments, while co-founders Michael Wise and Brian Clark retain significant ownership and continue leading the company.

Welch Packaging Group completed its 41st acquisition by merging with Elite Packaging, a packaging company based in Jeffersonville, Indiana. The transaction adds Elite to Welch Packaging’s packaging operations; financial terms were not disclosed.

Praxis Packaging Solutions, a contract packaging organization backed by private equity firm BPOC, acquired Advanced Concept Innovations, LLC (ACI). The deal expands Praxis’ geographic footprint into the Southeastern United States and adds ACI’s Lakeland, Florida capabilities in contract packaging for medical devices and OTC/consumer products, along with domestic manufacturing of surgical-grade N95 respirators.

Portrait Capital acquired AAi Labels & Decals (Art Advertising, Inc.) and Sticker Ranch, combining the businesses to form a specialty label and decal platform. AAi founder-owners Stacy and Gary Gestring will transition day-to-day leadership to Sticker Ranch co-founder Lynn Higgs, who will serve as CEO of the combined company, while continuing to support the business. The combined platform will target growth across North America and pursue additional acquisitions in the fragmented label market.

ArchStar Capital has acquired Deployable Systems, Inc. (DSI) following its earlier investment in Packaging Strategies Incorporated (PSI). DSI and PSI will be combined into ArchStar’s new packaging holding company focused on rugged plastic protective cases for military, aerospace, and electronics-related end markets. Transaction terms were not disclosed.

CORE Industrial Partners’ portfolio company Momentium acquired Superior Lithographics, a high-graphic provider of folding cartons, corrugated top sheets, and lithographic labels. Superior Lithographics is headquartered in Los Angeles, California and operates three co-located facilities totaling 126,000 square feet, expanding Momentium’s West Coast presence and lithographic printing capabilities.

Creative Brands, a gifts, home décor, and specialty products provider and a wholly owned subsidiary of CBC Group, announced the acquisition of The Gift Wrap Company. The Gift Wrap Company, founded in 1903 in Massachusetts and described as the oldest established gift wrap manufacturer in the United States, will integrate its wrapping paper and related product lines into Creative Brands’ national distribution network while continuing under the CBC Group umbrella.

SupplyOne, Inc. acquired the business of Vital Pack, a California-based packaging distributor with in-house label printing capabilities. Headquartered in Signal Hill, California, Vital Pack expands SupplyOne’s footprint into Southern California and enhances its flexible packaging and custom label production capabilities. The deal is described as SupplyOne’s first acquisition in California and its 44th addition to the company’s portfolio.

Veritiv Operating Company acquired the packaging distribution business of S. Walter Packaging Corp., a provider of custom packaging solutions serving retail, hospitality, food & beverage, and fashion markets. The deal expands Veritiv’s specialty packaging capabilities, including direct-to-store services, multi-brand kitting, and premium packaging, and adds S. Walter’s Pennsylvania operations and customer base.

Prometheus Retail Solutions acquired the value-added packaging and retail display division of PackagingARTS to expand its capabilities in premium wine, spirits, and CPG packaging and point-of-sale materials. The deal combines PackagingARTS’ design and creative legacy with Prometheus’ end-to-end design, engineering, manufacturing, and fulfillment platform. PackagingARTS will continue to provide primary label printing services from its Mare Island, California offices.

LEGEND acquired the extrusion plant in Romeoville, Illinois that was previously operated by Corplex, effective August 1, 2025. The facility will be renamed LEGEND USA and will continue serving Corplex’s packaging customers while supporting LEGEND’s vertical integration and U.S.-based growth initiatives.

LBS, a 100% employee-owned supplier to the book binding and packaging industries, acquired Pilgrim Packaging, a specialty converted materials supplier serving the floral industry. The deal closed on July 15, 2025, with financial terms undisclosed. Pilgrim Packaging will continue operating from Huntley, Illinois as LBS expands its specialty materials and in-house converting capabilities.

Compass Group Equity Partners, a St. Louis-based private equity firm, announced a partnership and significant investment in The Illuminate Group, a Tampa-based cold chain design and management provider serving the last-mile pharmaceutical sector. The investment will support expansion of Illuminate’s testing and research infrastructure, office space and capacity, and broader growth initiatives including product development, ERP implementation, and sales team buildout.

Datacolor, a global provider of color management software, instruments, and services, has acquired TECHKON USA, a Danvers, Massachusetts-based color measurement company. The acquisition expands Datacolor’s presence in printing and packaging and adds TECHKON USA’s ChromaQA software and in-line spectrometer solutions to Datacolor’s product portfolio.

WinCup, an Atar Capital affiliate, acquired Conver Pack (also referred to as ConverPack) Inc., a Medley, Florida-based manufacturer of hot and cold paper cups and related accessories. The deal expands WinCup’s paper cup manufacturing capabilities and broadens its sustainable foodservice packaging portfolio alongside its phade PHA-based, marine-biodegradable and compostable product line.

ShoreView announced an investment in M&Q Engineered Materials / M&Q Packaging, a designer and manufacturer of high-temperature resistant thermoplastic film and flexible packaging solutions serving protein, foodservice, and specialty industrial/market applications. The transaction represents ShoreView’s 11th platform investment in ShoreView Capital Partners IV and follows Heartwood Partners’ exit from its prior investment in M&Q Holdings/M&Q Packaging.

TedPack LLC, a Chinese flexible packaging manufacturer, acquired the flexible packaging business operations of Fairview International LLC effective July 1, 2025. The deal establishes TedPack’s first United States subsidiary and headquarters in Port Washington, Wisconsin, and transitions Fairview’s existing customer relationships and staff to TedPack’s management.

Generation Food Rural Partners I (GFRP), a fund managed by Big Idea Ventures, announced the merger of TerraSafe Materials, Inc. and DisSolves, Inc. The combined company will operate under the TerraSafe brand, combining TerraSafe’s plastic-free packaging platform with DisSolves’ edible, food-grade film technology to deliver plastic-free packaging solutions for the food industry.

FirmaPak, a manufacturer of blow molded packaging solutions backed by Shore Capital Partners, acquired Lighthouse Packaging, a blow molder and decorator of plastic packaging solutions. The deal adds a West Coast manufacturing facility in Corona, California and expands FirmaPak’s in-house decoration capabilities (including screen printing), particularly serving the personal care end market. Lighthouse founder Ernie Hernandez will continue to lead the business and all employees are being retained.

Ahlstrom Oyj completed its acquisition of the Stevens Point facility, a high-end solutions provider serving food and consumer packaging and e-commerce applications. The Stevens Point operation, located in Wisconsin, adds finishing and coating technologies, premium products, and approximately 260 employees, strengthening Ahlstrom’s Food & Consumer Packaging division and North American market coverage.

Novvia Group, a rigid container and life sciences packaging distributor backed by Kelso & Company, acquired Garrett Hewitt International (GHI), a New York-based supplier of plastic and glass containers and other cosmetic packaging products. Headquartered in Fishkill, New York, GHI primarily serves the beauty and fragrance markets, and its acquisition expands Novvia’s consumer packaging distribution footprint following Novvia’s January 2025 acquisition of Saxco and launch of its consumer product distribution division. Financial terms were not disclosed, and GHI owner Jason Clerke will continue to oversee day-to-day operations.

SupplyOne, Inc. acquired The BoxMaker to add digitally printed custom corrugated boxes, retail displays and product labels to its packaging solutions offering and to expand its scale in the Pacific Northwest. The BoxMaker will serve as the foundation for SupplyOne Digital, SupplyOne’s new hub for digital production, enabling additional custom packaging solutions nationwide.

MPE Partners announced investments in Central Coated Products and Sun America and a simultaneous merger of the two businesses to create a new food packaging platform. The combined company will continue operating from both existing manufacturing facilities and will provide custom wax paper, paper baking cups, and plastic food containers to food processors through direct sales and distribution.

Huhtamaki has acquired Zellwin Farms, a privately owned molded fiber packaging business based in Zellwood, Florida, United States. The deal values the transaction at an enterprise value of USD 18 million and is intended to expand Huhtamaki’s molded fiber capacity and capabilities for egg cartons and egg flats in North America.

FCA, LLC ("FCA Packaging"), a Wynnchurch Capital portfolio company, acquired Viking Packing Specialist. Viking, headquartered in Tulsa, Oklahoma, manufactures and distributes custom industrial protective packaging—including wood crates and cases, metal containers, corrugated products, and dangerous goods packaging—expanding FCA’s presence in Oklahoma and Texas markets.

Inovar Packaging Group, LLC acquired ModTek LLC, a prime label producer headquartered in Pennsauken Township, New Jersey, to expand Inovar’s Northeast presence and enhance its label-printing capabilities. ModTek’s pressure-sensitive and extended content label expertise and flexographic, digital, and hybrid printing capabilities will complement Inovar’s existing pressure-sensitive, roll-fed, and RFID label solutions. ModTek founder and owner Shawn Borman will continue to lead the business following the acquisition.

Novolex completed its combination with Pactiv Evergreen Inc. in a transaction valued at approximately $6.7 billion (including net debt), creating a leading manufacturer of food, beverage, and specialty packaging. As part of the deal, Pactiv Evergreen was delisted from Nasdaq and shareholders received $18.00 per share in cash.

Precision Concepts International LLC, a manufacturer of specialty rigid packaging solutions, acquired Meredith-Springfield Associates, Inc. Meredith-Springfield, headquartered in Ludlow, Massachusetts, designs and blow-molds PET and HDPE bottles and containers, and will continue to be led by its existing leadership team following the acquisition.

Novvia Group, a global rigid container and life sciences packaging distributor backed by Kelso & Company, acquired MegaChem, Inc., a North Carolina-based supplier of rigid packaging products including pails, drums, and plastic and glass containers. MegaChem operates from a 45,000-square-foot facility in High Point, North Carolina, and its owner Richard Lewis will remain with the business to help manage day-to-day operations. Financial terms of the private transaction were not disclosed.

Conner Industries, Inc. announced the acquisition of Kirkland Sales Inc., a custom foam fabricator, to expand Conner’s integrated transportation packaging capabilities across mixed materials including wood, foam, plastics, and corrugate. The deal strengthens Conner’s presence in the Dallas/Fort Worth market by leveraging Kirkland’s nearby location to Conner’s Garland, Texas facility and supports growth in government and DoD-related packaging needs.

Ball Corporation closed a 49:51 joint venture with Ayna.AI to accelerate the development and growth of Ball’s Aluminum Cup category. The newly formed entity, Oasis Venture Holdings, LLC, includes the Aluminum Cup business and its commercial, supply chain, and manufacturing teams, as well as the plant in Rome, Georgia, which will serve as the venture’s headquarters.

Massman Companies, a packaging machinery manufacturer backed by Granite Partners, acquired ADCO, a privately held cartoning and end-of-line packaging machinery company. The deal expands Massman’s packaging automation portfolio by adding ADCO’s cartoners, sleevers, and tray formers, supporting Massman’s strategy to deliver automation from carton to pallet.

Crestview Partners completed the acquisition of Smyth Companies, a provider of pressure sensitive labels and flexible packaging solutions, from private equity firm Novacap. Crestview is investing alongside Smyth’s founding family members and the existing management team led by CEO Scott Fisher, and plans to provide additional equity to support organic investment and future acquisitions. Financial terms were not disclosed.

CREO Group, a portfolio company of Mill Point Capital, acquired HMS Mfg. Co., a designer and manufacturer of organization products and packaging solutions. The deal expands CREO’s product offerings, customer base, and geographic reach while reinforcing its focus on sustainable plastic manufacturing and innovation.

Handgards, LLC, a portfolio company of Wynnchurch Capital, acquired Inno-Pak, LLC from Emerald Lake Capital Management for undisclosed terms. Headquartered in Delaware, Ohio, Inno-Pak designs, manufactures, imports and supplies innovative, eco-friendly food packaging, and the deal expands Handgards’ sustainable foodservice-solutions offering and converting/sourcing capabilities.

Online Labels Group announced the acquisition of LabelValue, a provider of blank and custom labels headquartered in Tampa, Florida. The deal expands Online Labels Group’s labeling portfolio and integrates LabelValue alongside its existing brands, including OnlineLabels, Bay Tech Label, and Consolidated Label.

TricorBraun completed its acquisition of Veritiv Containers (previously known as All American Containers), a distributor of rigid packaging solutions. The deal, originally announced on December 9, 2024, expands TricorBraun’s North American footprint by adding seven locations/warehouses and more than 500,000 square feet of additional capacity; financial terms were not disclosed.

LFM Capital-backed Excelis Packaging Automation acquired Marks Machinery, expanding Excelis’ packaging automation platform with additional replacement parts and service capabilities. Marks Machinery, founded in 1987 and based in Suwanee, Georgia, manufactures replacement parts for beverage filling equipment; financial terms were not disclosed.

Five Star Holding, a sustainable packaging solutions provider, has acquired Anduro Manufacturing, a supplier of flexible packaging including laminated woven sacks serving pet food, animal nutrition, and other consumer product customers. The deal expands Five Star’s flexible packaging and sustainability-focused offerings and is expected to improve supply reliability while supporting Anduro’s growth in new markets across the United States and Latin America.

Brook + Whittle has acquired Stouse, a Kansas-based manufacturer and supplier of decals, labels, and promotional printed items. Following the transaction, Stouse will join Brook + Whittle’s Sprink division, alongside Discount Labels, while continuing to operate as an individual company. The acquisition is intended to expand product offerings and improve manufacturing speed, capacity, and reliability through integration into Sprink’s manufacturing network.

Imperial Dade, a North American distributor of foodservice packaging supplies, industrial products, and janitorial supplies, acquired S. Freedman & Sons, Inc. (SFS), a fourth-generation distributor serving customers across the Mid-Atlantic. The deal expands Imperial Dade’s geographic reach and represents its 96th acquisition under Chairman Robert Tillis and CEO Jason Tillis; financial terms were not disclosed.

Resource Label Group (RLG) acquired Screenprint/Dow's label business, adding the label segment of the company founded by Walter Dow to RLG’s North American custom label and packaging platform. The transaction includes all of Screenprint/Dow’s label business and excludes its other product offerings; customers are expected to benefit from RLG’s expanded capabilities and coast-to-coast network. Resource Label Group is a portfolio company of Ares Management Corporation.

Pelican Energy Partners acquired Skolnik Industries, a manufacturer of customized industrial packaging solutions including carbon and stainless steel drums. Skolnik is headquartered in Chicago, Illinois, and will continue to be led by its president, Dean Ricker, under Pelican’s ownership.

Veritiv Operating Company acquired Subotnick Packaging, an Oregon-based distributor of packaging products and equipment serving building materials, food, e-commerce, and transportation end markets. The deal expands Veritiv’s packaging capabilities and strengthens its presence in the Pacific Northwest, with Subotnick adding complementary product categories and packaging equipment parts/service from its Portland footprint.

Veritiv Operating Company, a specialty packaging distribution provider, acquired Arjay Company, including substantially all assets of PPE Sales, LLC. Arjay is a packaging solutions and equipment distributor serving customers in Long Island and the Greater Metropolitan New York area, expanding Veritiv’s geographic reach in the Northeast.

Veritiv Operating Company completed its acquisition of Orora Packaging Solutions (OPS), Orora’s North American packaging and distribution business. The deal expands Veritiv’s specialty packaging distribution platform and strengthens its design-to-delivery capabilities across North America.

Granite Creek Capital Partners invested in Seedbox Solution, a provider of reusable packaging and fleet management solutions for the seed industry, providing significant growth capital. The investment supported a management-led buyout of Seedbox’s previous majority shareholder and was made alongside co-investors Everside Capital Partners and Hidden River Strategic Capital.

Digital Color Concepts ("DCC") acquired TigerPress, a folding carton and commercial print manufacturer headquartered in East Longmeadow, Massachusetts. The acquisition expands DCC’s Northeast footprint and increases manufacturing capacity, with TigerPress continuing operations from its existing facility as part of the DCC platform. Sherburne Partners, DCC’s majority shareholder, highlighted the deal as DCC’s first acquisition since Sherburne’s growth investment in December 2023.

Labelink announced the acquisition of International Label & Printing Co., Inc. (IL&P), a Chicago-based printing converter serving the consumer packaging sector. The deal strengthens Labelink’s presence in the United States and supports its strategy to expand its North American printing network. IL&P will continue operations under the name Labelink USA.

Veritiv, a specialty packaging distribution company, acquired all the assets of PAX Global, a US-based packaging solutions provider. The deal is intended to expand Veritiv’s capabilities in folding carton and film converting and enhance its design and international sourcing offerings. PAX Global is headquartered in Illinois and has approximately $45 million in annual revenue.

Monomoy Capital Partners acquired Oliver Packaging and Equipment for an undisclosed amount. Headquartered in Walker, Michigan, Oliver manufactures food packaging systems and bakery equipment and supplies compostable/recyclable meal trays and films for end markets including education, senior meals, and grocery. Oliver will continue to operate under its existing management team led by CEO Mitch Summerfield.

On November 4, 2024, an affiliate of Aterian Investment Partners acquired Outlook Group, LLC, a Neenah, Wisconsin-based provider of pressure-sensitive labels, converting, and turnkey packaging solutions. Outlook was sold by Heartwood Partners II, LP and affiliated entities and was a business unit of Heartwood’s Fund II platform M&Q Holdings LLC. The acquisition represents the sixth investment from Aterian’s Fund IV.

PackEdge, Inc. has acquired Fluted Partition, a specialized unit of Valley Container, to expand its custom packaging design and manufacturing capabilities. The deal adds Fluted Partition’s expertise in engineered fluted trays/partitions and brings its manufacturing team into PackEdge as the company continues investing in equipment and technology to enhance production efficiency.

ArchStar Capital announced an investment in Packaging Strategies Incorporated (PSI), a manufacturer of customized hard-plastic packaging containers headquartered in Baltimore, Maryland. ArchStar is partnering with PSI’s team to support growth; transaction terms were not disclosed.

Nutra-Med, a portfolio company of GenNx360 Capital Partners, acquired Legacy Pharma Solutions, a provider of oral solid dose packaging services serving Rx and OTC markets. The deal expands Nutra-Med’s capacity and capabilities, adding high-speed bottling and blistering to its contract packaging offering for pharmaceutical and related industries.

Foundation Investment Partners (FIP) completed the acquisition of American Spool & Packaging, Inc. (Amspak), a Hartsville, South Carolina-based manufacturer/converter of specialty paper packaging products including spiral paper tubes and folding cartons. The business, founded in 1966 and owned by the Ridgeway family, will continue operations under FIP ownership with industry veteran David Partin serving as CEO.

SupplyOne, Inc. acquired Gulf Packaging, Inc. to expand SupplyOne’s presence in the Southeastern United States. Gulf Packaging is a converter and supplier of custom corrugated boxes and displays with production facilities in Bay Minette and Tallassee, Alabama. The deal marks the 42nd acquisition in SupplyOne’s buy-and-build strategy and SupplyOne is backed by Wellspring Capital Management.

ACR (AmerCareRoyal, LLC), backed by HCI Equity Partners, acquired Mat-Pac, Inc., a supplier of packaging solutions for the North American foodservice and janitorial/sanitation markets. The deal is ACR’s tenth add-on acquisition and expands ACR’s product portfolio and market reach. The Jimenez family will remain invested in ACR and continue to help lead Mat-Pac.

Multi-Color Corporation (MCC) announced it has acquired Starport Technologies, a smart label solutions provider focused on RFID tags and labels. Starport, founded in 2006 and based in Kansas City, Missouri, manufactures RFID products and other smart labels for consumer and supply chain applications. The deal strengthens MCC’s RFID labeling capabilities; financial terms were not disclosed.

Altor Solutions, a subsidiary of Compass Diversified (NYSE: CODI), acquired Lifoam Industries, LLC for an enterprise value of $137 million in cash at closing (excluding working capital and certain other adjustments). Lifoam, a carve-out from Jadex Inc., manufactures and distributes temperature-controlled shipping and cold-chain packaging products such as thermal shippers, EPS coolers, and refrigerant gel packs for healthcare, commercial, and retail end markets. The deal was announced in August 2024 and completed on October 2, 2024.

Nordic Cold Chain Solutions acquired Minus Works Inc., a US-based manufacturer focused on sustainable cold chain products and R&D. Following the deal, Nordic will scale Minus Works’ eco-friendly coolant and freezing technology while expanding its manufacturing footprint through a new facility in Pottstown, Pennsylvania, expansion in Reno, Nevada, and control of the Minus Works facility in Long Island, New York.

SureKap, LLC, a portfolio company of LFM Capital, acquired AB Technology, Inc. in an all-cash transaction (financial terms not disclosed). AB Technology designs and manufactures high-speed labeling and padding systems primarily for the food packaging industry, and will be integrated into SureKap’s automated packaging platform to expand its end-to-end packaging equipment offering.

Novvia Group, a global distributor of rigid containers and life sciences packaging backed by Kelso & Company, acquired Liquid Bottles LLC, a Florida-based supplier of plastic and glass containers and other rigid packaging products. Liquid Bottles (founded in 2014 and operating from Palmetto, Florida) will strengthen Novvia’s presence and product breadth in the Southeastern United States, and the target’s management team will remain in place. Financial terms of the private transaction were not disclosed.

Novolex acquired the assets of American Twisting, a family-owned manufacturer of twisted-paper handles used in paper bag production. The deal (value not disclosed) is intended to integrate American Twisting into Novolex’s Duro paper bag operations and secure a dedicated supply of twisted handles. Novolex is a portfolio company of Apollo, which acquired a majority stake in Novolex in April 2022.

Mill Rock Packaging Inc (MRP) acquired Everett Graphics' packaging and laminating assets located in Woodland, California, and entered into a long-term supply agreement with Everett Graphics. The transaction is intended to enhance MRP’s West Coast packaging capabilities while supporting Everett’s growth initiatives; financial terms were not disclosed.

Duravant LLC, a global engineered equipment and automation solutions provider, acquired T-TEK Material Handling LLC, a U.S.-headquartered manufacturer of high-speed end-of-line packaging machinery. The deal expands Duravant’s packaging automation capabilities for packaged food, beverage, and consumer products, adding T-TEK’s palletizers, depalletizers, conveyors, and custom automated line solutions.

M2S Group, a Wynnchurch Capital portfolio company, acquired Iconex’s label solutions business (Iconex Labels), carving it out from Iconex, which is owned by Atlas Holdings. The deal adds variable information/variable print label capabilities and expands M2S Group’s material science and solutions platform; transaction terms were not disclosed.

Inovar Packaging Group, LLC has acquired The Kennedy Group, LLC, a family-owned label and packaging solutions provider headquartered in Willoughby, Ohio with additional facilities in Ohio and Pennsylvania. The transaction expands Inovar’s Midwest and Northeast footprint and adds roll-fed, pressure-sensitive, RFID, and sustainability labeling capabilities to Inovar’s platform.

Barings provided a second lien debt and equity co-investment to support Mill City Capital’s recapitalization of Diversified Packaging Holdings, LLC. Diversified Packaging, headquartered in Blaine, Minnesota, provides pre-press products and services to the packaging industry, including manufacturing flexographic plates for corrugate packaging and distributing pre-press products through its brands Plateworks Plus, Sharper Image Engravers, and Adhue Graphic Resources.

Sky Island Capital, a Dallas-based private equity firm, made a majority investment in Pacific Paper Tube Inc. alongside the company’s existing owners (the Wallace family). Founded in 1989 and headquartered in Stockton, California, Pacific Paper Tube manufactures sustainable paper tubes and cores and operates four facilities across California, Washington, Oregon, and Nevada. The investment represents Sky Island Capital’s first platform investment in its second fund.

Trivest Partners made a minority growth investment in Hinton Lumber Products through Trivest Growth Investment Fund II, with Palmares Capital Partners co-investing alongside Trivest. Hinton, a Tuscaloosa, Alabama-based manufacturer of custom-designed wooden pallets, will use the partnership to support continued growth organically and through M&A while maintaining operational and financial control.

Spell Capital Partners announced that the Spell Family Office has acquired All Star Corrugated. All Star Corrugated, headquartered in Fort Worth, Texas, provides custom corrugated packaging solutions to the Dallas/Fort Worth market, and the new owner plans to invest in equipment and expand manufacturing capacity.

Berkley, a manufacturer of packaging and display solutions, acquired Sisco Corporation (also known as Sisco Box/Sisco Container), a family-owned corrugated sheet plant in Nashville, Illinois. The deal expands Berkley’s in-house manufacturing capacity by adding Sisco’s equipment and expertise to better serve customers with corrugated boxes and displays.

Columbia Corrugated Box Co., Inc. ("CCB") has been acquired by SupplyOne, Inc., a portfolio company of Wellspring Capital Management. CCB includes the Columbia Corrugated Box and Packaging Resources Company ("PRC") divisions, providing corrugated and protective packaging solutions primarily across the U.S. West Coast. Footprint Capital served as the exclusive sell-side advisor to CCB on the transaction.

Green Bay Packaging Inc. (GBP) announced it has acquired SMC Packaging Group of Springfield, Missouri, a producer of custom corrugated boxes, displays, and related packaging materials and equipment. SMC will continue operating as a corporation that is 100% owned by GBP, expanding GBP’s geographic reach across the region.

BradyPLUS acquired Idaho Package Company (iPAK), a custom industrial and agricultural packaging distributor serving Idaho, Eastern Oregon, and Eastern Washington. The deal expands BradyPLUS’s industrial packaging coverage in the Western United States and strengthens its product and service capabilities. Financial terms were not disclosed.

Resource Label Group, LLC (RLG) acquired Beyer Graphics, a packaging company based in Commack, New York. Beyer Graphics will be integrated into RLG Healthcare, RLG’s specialty pharmaceutical and healthcare packaging business, expanding capabilities in folding cartons and related packaging solutions for pharma, nutraceutical, and cosmetics customers.

Shur-Co, LLC, a portfolio company of Behrman Capital, acquired AB Airbags, Inc., a supplier of dunnage airbags, accessory tools, and cargo securement solutions. AB Airbags is headquartered in Carlsbad, California, and the deal expands Shur-Co’s cargo control and protection product offering. Financial terms were not disclosed, and Mesirow served as AB Airbags’ exclusive sell-side advisor.

Specialized Packaging Group (SPG), a portfolio company of Altamont Capital Partners, announced the acquisition of Clark Foam Corporation, an Illinois-based provider of custom-designed protective packaging and engineered foam solutions. The deal expands SPG’s engineered packaging capabilities and geographic reach, adding about 50 employees, with Clark Foam continuing operations in Bolingbrook, Illinois and Louisville, Kentucky. Clark Foam President and Owner Jim Clark will retire from day-to-day operations and remain in an advisory role during a transition period.