Foundation Investment Partners (FIP) Acquires Paper Converters, Inc. Through Sustainable Packaging

January 30, 2026

Foundation Investment Partners (FIP) announced the successful acquisition of Paper Converters, Inc. through its platform company, Sustainable Packaging, LLC. Paper Converters (founded in 2002, located in Walterboro, South Carolina) manufactures spiral wound paper tubes, edge board, and sheeting serving the textile industry in the Southeastern U.S.

Buyers
Foundation Investment Partners (FIP), Sustainable Packaging, LLC
Targets
Paper Converters, Inc.
Sellers
Kline Smyly, Tanya Barnes
Platforms
Sustainable Packaging, LLC
Industry
Packaging
Location
South Carolina, United States
Transaction Type
Buyout

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