Packaging Acquisitions in Connecticut

PackEdge, Inc. (Hamden, Connecticut) has acquired Fluted Partition, a specialized unit of Valley Container, to expand its custom and protective packaging capabilities. The acquisition brings Fluted Partition's manufacturing team into PackEdge and supports planned investments in technology and equipment to enhance production efficiency and sustainable packaging offerings.

The Shoreham Group led a recapitalization of Merrill Industries, LLC, partnering with the company’s senior management. Parkway Capital supported the transaction by providing subordinated debt and minority equity to back the recapitalization of the corrugated packaging manufacturer serving Southern New England.

Voyant Beauty, a portfolio company of Wind Point Partners, has acquired Jade Road Design and Sourcing, a turnkey supply-chain and packaging solutions provider for the fragrance industry. The add-on expands Voyant's fragrance packaging, sourcing, design and engineering capabilities and is the fourth acquisition for Voyant under Wind Point's ownership.

Mill Rock Packaging Partners LLC, a specialty packaging platform backed by Mill Rock Capital, has acquired Keystone Paper & Box Company, a custom folding carton manufacturer based in South Windsor, Connecticut. Keystone's management has made a significant investment in the platform and will remain in place; the deal expands Mill Rock Packaging's footprint to the Eastern U.S. and builds the platform's national specialty packaging capabilities. Terms were not disclosed.

Novolex, a portfolio company of The Carlyle Group, has acquired Flexo Converters USA, Inc., a family-owned manufacturer of stock, custom and recycled paper bags and sacks headquartered in Meriden, Connecticut, with an additional plant in Monroe, Georgia. Flexo's products will be sold under the Novolex Duro Bag brand and the acquisition adds production capacity to support rising demand from foodservice and grocery customers; eligible full‑time Flexo employees will join Novolex.

Proviso Capital acquired Merchandising Partners, LLC, a North Granby, Connecticut-based full-service provider of point-of-sale displays, custom fabrication and packaging fulfillment; the deal closed May 21, 2021. Generational Equity advised the seller, and Proviso said it will provide capital and strategic resources to support the company's growth.

Main Street Capital Corporation provided $31.8 million in a combination of first‑lien senior secured term debt and a minority direct equity investment to Classic H&G Holdings, LLC to facilitate a minority recapitalization and provide growth capital and liquidity. The investment, made alongside an unnamed co‑investor and in partnership with the company's existing owner and senior management, also includes a credit facility to support Classic's future growth initiatives and working capital needs.