Packaging Acquisitions in North Carolina

Salem One, a Granite Creek Capital Partners portfolio company, has acquired iTek Graphics, a printing and graphics company based in Concord, North Carolina. The transaction was funded by Granite Creek’s FlexCap III fund with a co-investment from Patriot Capital and will operate iTek as a stand-alone division of Salem One, expanding Salem One’s printing, packaging and corporate communications capabilities in the Southeast.

ShawKwei & Partners has acquired 100% of CTL Packaging USA, Inc. from Kaizaharra Corporación Empresarial (KCE) and will merge CTL into its portfolio company ICONS Beauty Group. The acquisition adds a U.S.-based plastic tube manufacturing capability (Charlotte, North Carolina) to ICONS' global beauty and health packaging platform to provide onshore production and broaden decorative and luxury finishing capabilities.

Resource Label Group has acquired MedLit Solutions, a pharmaceutical packaging, labeling and printing provider with facilities in North Carolina and New Jersey. The deal is an add-on to Resource Label's platform (a portfolio company of Ares Management) and was a sale by CORE Industrial Partners, which built the MedLit platform through prior tuck-ins and investments.

The Occasions Group, a Taylor Corporation company, has agreed to acquire the assets of Accu Copy of Greenville, Inc., which operates under the AccuLink and AccuFlex brands. The deal expands Taylor's commercial print, direct mail, e-commerce fulfillment and flexible packaging capabilities — adding sustainable, bio-based flexible packaging and dye-sublimation personalization capacity in Greenville, North Carolina.

Placon acquired substantially all operating equipment of a former Sonoco thermoforming packaging operation in Wilson, North Carolina and will hire more than 80 employees at the 112,000 sq. ft. site. The move immediately expands Placon's production capacity and Southeast footprint to serve growing demand from retail, food and medical customers.

H.I.G. Capital has completed the acquisition of Jackson Paper Manufacturing and Sustainable Corrugated (JPM). JPM, headquartered in Sylva, North Carolina, is a vertically integrated manufacturer of 100% recycled corrugated packaging operating four facilities and employing more than 200 people; H.I.G. will partner with management to accelerate the company's growth and expand its sustainable packaging capabilities.

Westfall Technik, a global holding company for plastics manufacturing, has acquired Carolina Precision Plastics, LLC (d/b/a CPP Global), adding CPP's three plants in Mocksville and Asheboro, North Carolina and Kaiping, China to its footprint. CPP operates roughly 100 injection molding machines across ~335,000 sq ft of manufacturing space and brings capabilities in high-volume automated assembly, decorating, and sustainable PET jar molding; terms were not disclosed.

Fedrigoni Group has acquired Acucote Inc., a U.S.-based manufacturer and distributor of pressure-sensitive self-adhesive materials, for an undisclosed amount. Crewe Capital acted as exclusive financial advisor to Acucote; the acquisition strengthens Fedrigoni's U.S. presence and its global self-adhesives portfolio, creating production, distribution, and procurement synergies.