Foundation Investment Partners Acquires American Spool & Packaging (Amspak)
October 17, 2024
Foundation Investment Partners (FIP) has completed the acquisition of American Spool & Packaging, Inc. (Amspak), a Hartsville, South Carolina-based specialty paper packaging manufacturer. The Ridgeway family is exiting the business while FIP will keep operations in place with industry veteran David Partin serving as CEO to support growth and reinvestment in the company.
- Targets
- American Spool & Packaging, Inc.
- Sellers
- The Ridgeway family (owners of American Spool & Packaging)
- Industry
- Packaging
- Location
- South Carolina, United States
- Transaction Type
- Buyout
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