Packaging Acquisitions in Colorado

Sunshine Enclosures, a New York–based provider of custom packaging solutions for the cannabis and CPG industries, has acquired Full Scale LLC, a Colorado-based branding, design and packaging provider. The deal brings Full Scale’s in-house design and print capabilities into Sunshine Enclosures to expand product offerings, increase domestic production capacity, and broaden the combined company’s market presence in the Colorado cannabis market.

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.

Specialized Packaging Group (a portfolio company of Altamont Capital Partners) has acquired Protective Packaging Solutions (PPS), a custom designer and fabricator of engineered protective packaging based in Aurora, Colorado. The acquisition expands SPG's engineered packaging capabilities and geographic reach, adding approximately 90 employees to SPG's ~1,600-person workforce; Monroe Capital provided a senior credit facility to support the transaction.

360Pack, a Shore Capital Partners–backed packaging distribution platform, has acquired Team Packaging Inc., a custom packaging solutions provider based in Aurora, Colorado. The transaction is 360Pack's third add-on and expands the platform's footprint and capabilities across the Western United States, strengthening service offerings for food production, meat processors, and retail grocery customers.

Global packaging leader TricorBraun has acquired CanSource, a Longmont, Colorado-based provider of can and sleeve packaging solutions, from Broadtree Partners. The acquisition expands TricorBraun’s beverage packaging capabilities across North America and will allow CanSource to operate as CanSource, a TricorBraun company while retaining its existing locations and team.

Flexpak, LLC, a Shorehill Capital-backed value-added packaging distributor based in Woods Cross, Utah, completed the acquisition of Thornton, Colorado-based Preferred Packaging Products, Inc. on February 1, 2023. The add-on expands Flexpak's geographic footprint into Colorado and adds specialized packaging capabilities serving end markets including electronics, instrumentation, consumer products and healthcare.

Sonoco has completed the acquisition of Ball Metalpack, a Broomfield, Colorado-based manufacturer of sustainable steel containers, in a transaction valued at approximately $1.35 billion. The seller parties were Platinum Equity (51% owner) and Ball Corporation (49% owner); the deal follows a three-year transformation and expansion program at Ball Metalpack under the joint-venture ownership.

Innovative Packaging Company (IPC), a Shore Capital Partners–backed specialty packaging distributor based in Vancouver, Washington, has acquired Colorado-based Landmark Packaging, Inc. The add-on expands IPC's geographic footprint into the greater Colorado market and broadens its product and service capabilities across food & beverage, industrial, and cannabis end markets; terms were not disclosed.

Resource Label Group, a portfolio company of Ares Management Corporation, has acquired StickerGiant.com, Inc., a Longmont, Colorado-based e-commerce custom sticker and label manufacturer. Terms were not disclosed; StickerGiant will continue to operate under its brand with manufacturing remaining in Longmont as an add-on to Resource Label's label and packaging platform to expand digital short-run and e-commerce capabilities.

Mill Rock Packaging Partners, the specialty packaging platform backed by Mill Rock Capital, has acquired All Packaging Company, a paperboard folding carton manufacturer based in Aurora, Colorado. The acquisition (terms undisclosed) expands Mill Rock Packaging's Western U.S. footprint and capabilities across design, printing and converting while All Packaging's president Kenneth Pepper and senior management retain ownership stakes and will continue to lead the business.

Broadtree Partners has acquired CanSource, a Longmont, Colorado-based supplier of shrink-sleeved cans for craft beverage producers. Broadtree said it will support CanSource's growth and geographic expansion while CanSource founders Pat Hartman and Ron Popma move to advisory roles on the board.