Flexpak Acquires (CONT’D FROM PAGE 1)
Core Competency
“We are excited to join forces with Flexpak and Shorehill. They have a unique partnership that I found compelling. Their emphasis on culture, growth and partnership will benefit our customers, suppliers, and employees.” Flexpak’s acquisition of Preferred is consistent with its strategy to expand its geographic presence throughout the Mountain West region of the United States. The com- bination of Flexpak and Preferred immediately creates a leading packaging solutions provider with a high-quality sales team and expertise across a variety of end-markets. “We are excited to partner with the Preferred Packag- ing team to expand Flexpak into Colorado. Preferred is an impressive company with deep expertise in packaging design and customized solutions. Going forward, the com- bined company is well-positioned to continue to expand its capabilities and geographic presence through acquisi- tions and organic growth,” said Charlie Denison, Managing Director at Shorehill Capital. Flexpak and Shorehill part- nered in 2021. Preferred Packaging represents the part- nership’s second acquisition, having acquired ACE Pack- aging of Arizona in July 2022. The Shorehill team has been active in the packaging industry over the last two decades, having invested over $300 million in equity across 21 acquisitions. The team’s experience includes packaging distribution and manufac- turing across a wide variety of substrates.
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February 27, 2023
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