Packaging Acquisitions in Florida

Southeastern Printing, a Florida-based provider of integrated print, fulfillment, and promotional solutions, has acquired Sunbelt (including Sunbelt Graphics and Sunbelt Dimensional) to add dimensional print, structural design, and specialty packaging capabilities. The move expands Southeastern's end-to-end offering for brand campaigns, kitting, fulfillment and digital storefront services across retail, healthcare and other enterprise customers.

Handgards, a portfolio company of Wynnchurch Capital, acquired Albany Packaging USA, a Deerfield Beach-based distributor of paper-based foodservice packaging. The deal expands Handgards' paper-based packaging capabilities and brings Albany's folding carton product line and customer relationships into the Handgards platform.

Atar Capital affiliate WinCup has acquired Conver Pack Inc., a Medley, Florida-based manufacturer of hot and cold paper cups and accessories. The add-on acquisition expands WinCup's sustainable and traditional paper cup manufacturing capabilities—adding SFI-certified paper cups and strengthening its phade PHA-based compostable product line.

Huhtamaki has acquired Zellwin Farms, a privately owned molded-fiber packaging manufacturer in Zellwood, Florida, in an enterprise value transaction of USD 18 million. The deal adds manufacturing capacity and capabilities in molded fiber egg cartons and flats, supporting Huhtamaki's growth and sustainability strategy in North America; Zellwin reported approximately USD 20 million in annual net sales.

Online Labels Group, a privately held internet retailer and manufacturer of blank and custom labels headquartered in Sanford, Florida, has acquired LabelValue, a Tampa-based provider of blank and custom labels and shrink sleeves. The acquisition expands Online Labels Group's product offerings and capabilities, joining LabelValue with brands such as OnlineLabels, Bay Tech Label, and Consolidated Label to strengthen service, efficiency, and industry reach.

Novvia Group, a PE-backed global rigid container and life sciences packaging distributor, has acquired Liquid Bottles LLC, a Florida-based supplier of plastic and glass containers and other rigid packaging products. The deal—terms not disclosed—adds a 40,000 sq ft Palmetto, Florida warehouse and management team to Novvia, expanding its product breadth and presence in the Southeastern U.S.; Novvia is backed by private equity firm Kelso & Company.

Ryeco, LLC — a Cartersville, Georgia-based manufacturer backed by family office Bellview Capital Partners — has acquired Sandar Industries, Inc., a turn-up systems, adhesive tape and packaging solutions maker based in Atlantic Beach, Florida. The add-on expands Ryeco's product portfolio and paper & packaging footprint to better serve its global customer base; terms were not disclosed.

Navitor, Inc., through its FolderWorks business unit, has acquired Epoly Corporation, a Naples, Florida-based maker of custom-imprinted polypropylene folders, envelopes and folios. The acquisition expands FolderWorks' product assortment into durable, moisture-resistant polypropylene items and will keep Epoly operating under its existing brand with founder Tony Milcarsky continuing to manage the business.

Imperial Dade, a leading North American distributor of foodservice packaging and janitorial supplies, has acquired Palm Paper Supply, a regional distributor serving the greater Tampa, Florida area. The acquisition (financial terms not disclosed) expands Imperial Dade's footprint and scale in Florida while preserving Palm Paper's local leadership and customer-facing team.

Novvia Group, a Kelso & Company-backed national packaging distributor, has acquired Duval Container Company, a Jacksonville-based distributor of plastic, metal, fiber and glass packaging products. The acquisition (terms undisclosed) expands Novvia's presence in the U.S. Southeast and adds Duval's two warehouses, walk-up counter sales capability and customer base across chemical, agriculture and food & beverage markets.

Clearlake Capital Group completed its acquisition of Intertape Polymer Group (IPG) for CAD$40.50 per share, taking the company private after shareholder approval. Clearlake said it will support IPG's sustainability initiatives, product and capability expansion, and global growth through its O.P.S. operational improvement approach.

Quad‑C Management has closed an investment in Catapult Print and Packaging LLC, a Orlando‑based printer and converter of linerless and pressure‑sensitive labels founded by Mark Cook and his sons. Management (the Cook family) will remain in place and Quad‑C will support Catapult’s growth plans to build a national label platform; terms were not disclosed.

SupplyOne, a portfolio company of Wellspring Capital Management, has acquired IC Industries, Inc., a privately held corrugated converter and packaging company headquartered in Hialeah, Florida. The acquisition expands SupplyOne's converting capabilities and scale in South Florida, bringing IC Industries' customers access to additional product lines, automation expertise, and the decentralized operating support of SupplyOne.

Mac Papers + Packaging, a portfolio company of Monomoy Capital Partners, has acquired Dependable Packaging Solutions, a family-owned distributor of corrugated products and packaging supplies based in Miami, Florida. The add-on expands the Mac platform's distribution footprint in the Southeast and brings packaging design capabilities to the Mac Papers + Packaging offering.

SupplyOne, the largest independent packaging company and a portfolio company of Wellspring Capital Management, acquired Riverside Paper Co., Inc., a family-owned Florida-based manufacturer and distributor of packaging and shipping products. The deal expands SupplyOne’s manufacturing and distribution footprint in Florida (Miami/Tampa/Orlando); financial terms were not disclosed.

Palladin Consumer Retail Partners announced a growth investment in Decowraps, partnering with founder and CEO Steven Tchira to provide capital and operational support to expand the floral packaging platform. Deerpath Capital Management provided debt financing and an acquisition/revolving credit facility to support future growth and potential add-on acquisitions.

Tenex Capital Management recapitalized and merged Consolidated Label and Online Labels in a transaction completed July 15, 2020, partnering with founders Joel and Dave Carmany who remain in operational leadership. Northstar Capital provided subordinated debt and an equity co-investment to support the recapitalization; the combined company is headquartered in Sanford, Florida and sells custom printed and blank labels and flexible packaging to both enterprise and direct-to-consumer customers.

Portage Plastics Corporation has acquired Paradise Plastics, the thermoforming and plastic products division of Paradise, Inc., in a transaction announced June 15, 2020. The sale — advised by Hyde Park Capital — transfers Paradise Plastics’ thin- and heavy-gauge thermoforming and tool-making capabilities to Portage Plastics to expand its manufacturing and design services.

ProMach has acquired Pharmaworks, a Florida-based provider of blister packaging and thermoforming machinery, expanding ProMach's pharmaceutical packaging capabilities and integrated solutions. Pharmaworks’ team of over 100 employees and its lineup of blister packaging systems, inspection, and aftermarket services will join ProMach’s pharma business line to broaden its product offering and support for pharmaceutical, consumer goods, and contract packaging customers.