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

Astara Capital Acquires Flexible Packaging Operations of Garlock Printing & Converting

January 28, 2021

Manufacturing

Astara Capital Partners has acquired the flexible packaging operations of Garlock Printing & Converting, marking Astara's first platform investment since the firm launched in June 2020. Garlock will continue to be led by founder and CEO Pete Garlock and will focus on expanding its flexible and sustainable film packaging capabilities with support from Astara and a team of experienced industry executives.

C-P Flexible Packaging Acquires Bass Flexible Packaging

March 4, 2022

Manufacturing

C-P Flexible Packaging, a portfolio company of First Atlantic Capital, has acquired privately held Bass Flexible Packaging, Inc., expanding C-P’s capabilities in short-run, short-lead-time flexible packaging and entry into the confectionary and health & beauty end markets. The acquisition adds Bass’s premade pouches, stand-up pouches and shrink-sleeve capabilities to C-P’s North American footprint; terms were not disclosed.

Astara Capital Partners Acquires Majority Stake in Cross City Lumber

April 15, 2021

Building Products

Astara Capital Partners acquired a majority stake in Cross City Lumber, a Southern Yellow Pine sawmill based in Cross City, Florida. Astara will partner with the existing management team to expand mill capacity, improve efficiency and pursue complementary investments in other Southern Yellow Pine mills across the Southeast U.S.

C-P Flexible Packaging (First Atlantic Capital portfolio) Acquires Preferred Packaging (Sycamore Sales)

October 21, 2021

Packaging

C-P Flexible Packaging, a portfolio company of First Atlantic Capital, has acquired Sycamore Sales, Inc. d.b.a. Preferred Packaging, a Norcross, Georgia-based manufacturer of multilayer flexible films, thermoformed containers and tray-sealing equipment. The add-on expands C-P's capabilities in refrigerated and frozen meal packaging, broadens its geographic footprint in the U.S. Southeast, and adds new manufacturing technologies; terms were not disclosed.

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.

Astara Capital Partners Invests in Ally Building Solutions

February 26, 2024

Building Products

Astara Capital Partners has made an investment in Ally Building Solutions, a Florida-based provider and installer of interior finishes and operator of design studios for new homebuilders. The founder Steve Spade will remain CEO as Astara brings capital, industry relationships, and operational support to accelerate Ally's growth and market share across Florida.