Astara Capital Acquires Flexible Packaging Operations of Garlock Printing & Converting

Astara Capital Partners' Continuation Vehicle Merges Garlock Flexibles and C-P Flexible Packaging

October 1, 2025

Manufacturing

Astara Capital Partners led a continuation vehicle for Garlock Flexibles and simultaneously arranged the merger with C-P Flexible Packaging in October 2025, creating Garlock/C-P. The combined company operates 10 manufacturing locations across the United States and Canada and positions itself as one of the top 15 flexible packaging manufacturers in North America.

Flexpak Acquires Katzke Packaging Co. & Packaging Converting

September 12, 2023

Packaging

Flexpak, a Shorehill Capital-backed packaging distributor, acquired Katzke Packaging Co. and Packaging Converting in Aurora, Colorado, effective September 1, 2023. The add-on expands Flexpak's Colorado footprint and combines Katzke with Flexpak's prior Preferred Packaging acquisition to create a stronger regional packaging platform.

Flexpak, LLC Acquires ACE Packaging of AZ

July 11, 2022

Packaging

Flexpak, LLC, a Shorehill Capital portfolio company, completed the acquisition of ACE Packaging of AZ on July 1, 2022. ACE, a Phoenix-based value-added distributor of corrugated boxes, stretch film, foam and polybags, will continue operating with former owners Mark Lundberg and Kevin Aldridge in ongoing roles as Flexpak expands its geographic presence into Arizona.

Kelso & Company Acquires Inovar Packaging Group from AEA Investors

May 23, 2022

Packaging

Funds managed by Kelso & Company (Kelso Fund XI) have acquired a majority interest in Inovar Packaging Group (IGL Holdings I Corp) from AEA Investors. Inovar, a Dallas-based supplier of pressure-sensitive labels, shrink sleeves and flexible packaging with seven US locations, will continue to be led by its existing management team, which remains a meaningful shareholder alongside Kelso.

Fortis Solutions Group Acquires Anchor Printing

April 15, 2022

Packaging

Fortis Solutions Group, a portfolio company of Harvest Partners, has acquired Anchor Printing, a Novi, Michigan-based flexographic and offset printer specializing in shrink sleeves, flexible packaging and pressure-sensitive labels. The deal brings Anchor's product capabilities and customer relationships into Fortis's expanding packaging platform as an add-on to bolster manufacturing capabilities and end-market coverage.

C-P Flexible Packaging (First Atlantic Capital portfolio) Acquires Prestige‑Pak, Inc.

August 3, 2021

Packaging

C-P Flexible Packaging, a portfolio company of First Atlantic Capital, has acquired Prestige‑Pak, Inc., a family‑owned Wisconsin manufacturer of printed packaging films serving retail food markets. The acquisition expands C‑P’s North American manufacturing footprint and adds flexographic printing, laminating and slitting capabilities to support snack, confectionery and baked‑goods customers.