PaperWorks Acquires The Standard Group

PaperWorks Industries Acquires Color Craft Graphic Arts

November 13, 2025

Manufacturing

PaperWorks Industries Inc. has acquired Color Craft Graphic Arts, a folding carton manufacturer founded in 1929 and based in Manitowoc, Wisconsin. Color Craft was a portfolio company of First Capital Partners and was advised by Mesirow; the acquisition adds ~120 employees and expands PaperWorks' integrated folding carton network and mill alignment across North America.

Inteplast Group Acquires Brown Paper Goods (Brown Paper Products)

April 2, 2024

Packaging

Inteplast Group has acquired Brown Paper Goods (now operating as Brown Paper Products) and will integrate the business into its Integrated Bagging Systems (IBS) division. Brown Paper Goods is a Safe Quality Food (SQF) certified manufacturer of single-use paper packaging with operations in Waukegan, Illinois and Coppell, Texas; the transaction closed on April 2, 2024.

Gamut Capital Management Acquires Davis-Standard from ONCAP

November 9, 2021

Manufacturing

Gamut Capital Management has signed a definitive agreement to acquire Davis-Standard, LLC from ONCAP (the middle-market private equity platform of Onex). Davis-Standard, a Pawcatuck, Connecticut–headquartered designer and manufacturer of extrusion and converting systems with more than 1,400 employees worldwide, will be positioned for accelerated growth and expanded aftermarket and process-solutions capabilities under Gamut's ownership. Financial terms were not disclosed; the deal was expected to close in Q4 2021.

Mill Rock Packaging Acquires Keystone Paper & Box Company

February 13, 2023

Packaging

Mill Rock Packaging Partners LLC, a specialty packaging platform backed by Mill Rock Capital, has acquired Keystone Paper & Box Company, a custom folding carton manufacturer based in South Windsor, Connecticut. Keystone's management has made a significant investment in the platform and will remain in place; the deal expands Mill Rock Packaging's footprint to the Eastern U.S. and builds the platform's national specialty packaging capabilities. Terms were not disclosed.

Atlas Holdings Acquires Crown Paper Group

October 12, 2022

Manufacturing

Atlas Holdings has completed the acquisition of Crown Paper Group, including Port Townsend Paper Corporation and Crown Corrugated Company. The deal brings an integrated containerboard mill, converting facilities and distribution centers in the U.S. Pacific Northwest and Western Canada into Atlas's portfolio as the firm seeks to strengthen its paper, packaging and distribution capabilities in the region.

ProAmpac Acquires APC Paper Group

July 20, 2021

Manufacturing

ProAmpac, a Cincinnati-based flexible packaging company owned by Pritzker Private Capital, has acquired APC Paper Group, a producer of 100% recycled kraft paper packaging with mills in New Hampshire and New York. The add-on acquisition expands ProAmpac's paper manufacturing capabilities and strengthens its position in recyclable and sustainable packaging products.