Year In Review (Cont’d from Page 3)
corrugated plant in Culiacan, North-West Mexico. The investment modernized and expanded the plant, with the installation of machinery and the construc- tion of a new 10,900-square-meter building that will include a new corrugator and an automatic Rotary Die Cutter. York, Pennsylvania-based C-P Flexible Packaging acquired privately held Fruth Custom Packaging, Inc. and affiliated company Cleanroom Film and Bag, Inc. located in Placentia, California. Both of the acquired companies specialize in manufactur- ing flexible rollstock and pre-made pouches used in cleanroom environments. C-P is a longstanding portfolio company of First Atlantic Capital, a New York based private equity firm. Terms of the trans- action were not disclosed. Resource Label Group , a full-service provid- er of pressure sensitive label, shrink sleeve and RFID/NFC technology for the packaging industry, acquired Milpitas, California-based Teklabel and Printing, Inc. , which represents the 20th acquisi- tion for Resource Label. Nosco, Inc. , a subsidiary of Holden Industries, Inc., began carton and label production at its new 175,000-square-foot Packaging Innovation Center in Pleasant Prairie, Wisconsin.
All4Labels signed an agreement making Etichet- tificio Dany , an Italian pressure sensitive label supplier, part of All4Labels. While Etichettificio Dany became a fully owned subsidiary of All4La- bels, Marco Olivieri, who founded and developed the business over decades, became shareholder of All4Labels and part of the management team. ProAmpac acquired APC Paper Group, a produc- er of recycled paper packaging products for food service and retail markets. Terms of the transac- tion were not disclosed. APC Paper specializes in the production of 100 percent recycled kraft paper products. The company primarily serves food ser- vice packaging, consumer products, e-commerce, industrial and home improvement markets. Inovar Packaging Group completed its acquisi- tion of Precision Label, Inc. in Oceanside, Califor- nia, in partnership with the existing Precision Label management team. This was Inovar’s sixth platform company and adds to its existing manufacturing footprint in Dallas, Texas; Boston, Massachusetts; Ft. Lauderdale, Florida; Milwaukee, Wisconsin; and Kansas City, Kansas. Founded in 1998, Precision Label serves the personal care, food and beverage and nutrition sectors. Smurfit Kappa invested $22 million to expand its
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Flexo Market News December 20, 2021 5
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