Packaging Acquisitions in Washington

SupplyOne, Inc. has acquired The BoxMaker, a digitally focused corrugated packaging and printing company, and will use the business as the foundation for SupplyOne Digital. The acquisition expands SupplyOne's digital printing capabilities and scale in the Pacific Northwest while making The BoxMaker's technology and e-commerce capabilities available to SupplyOne customers nationwide.

TekniPlex has acquired Keyes Packaging Group from Arbor Investments to strengthen its food & beverage packaging capabilities, adding molded fiber trays and specialty protective wraps to its product portfolio. Keyes Packaging Group — comprising Keyes Fibre (Wenatchee, WA) and Wrap Pack (Yakima, WA) — will operate within TekniPlex's Consumer Products division to expand sustainable packaging solutions for produce and other food customers.

Soteria Flexibles, a portfolio company backed by Ardian, has acquired Redi-Bag, Inc., a Tukwila, Washington-based flexible packaging manufacturer, from Traverse Pointe Partners. The add-on expands Soteria's manufacturing capabilities and geographic footprint in the Pacific Northwest, strengthening its position in food & agriculture end-markets such as seafood and produce.

Shore Capital Partners has completed a partnership with Innovative Packaging Company (IPC), a custom packaging solutions and distribution provider based in Vancouver, Washington. Shore will invest in business development, sales and operational infrastructure to scale IPC as a national packaging solutions platform and pursue organic growth and inorganic growth through add-on acquisitions.

Gen Cap America, a Nashville-based private equity firm, has acquired Frontier Packaging, Inc., a Tukwila, Washington-based manufacturer and distributor of seafood packaging, in partnership with Frontier's management. Gladstone Investment Corporation exited its investment in Frontier as part of the transaction; terms were not disclosed. Gen Cap said the acquisition will support Frontier's next phase of growth serving seafood processors across the Pacific Northwest and Alaska.

Resource Label Group, a PE-backed label and packaging manufacturer, has acquired Seattle-based Labels West to expand its footprint in the Pacific Northwest. Resource Label — a portfolio company of First Atlantic Capital and TPG Growth — will integrate Labels West’s flexographic and digital printing, shrink sleeve and RFID/NFC capabilities to broaden service offerings for customers in wine & spirits, health & beauty and food/nutraceutical markets.

Mill Rock Capital formed a new platform, Mill Rock Packaging Partners LLC, and its charter acquisition was Trojan Lithograph Corporation, acquired from Arbor Investments. The private-equity-backed platform will accelerate TrojanLitho’s organic growth, expand operating capacity and pursue strategic add-on acquisitions in the specialty packaging market; terms were not disclosed.

Golden West Packaging Group LLC, a packaging platform formed by private equity firm Lindsay Goldberg, has acquired Allpak Container, LLC. The deal expands Golden West’s West Coast manufacturing footprint and adds Allpak’s flexographic printing and high-end consumer packaging capabilities across Washington state.