©Signature Flexible Packaging
US-based Action Packaging and Signature Flexible Packaging have merged following a simultaneous growth investment by an affiliate of private equity firm, HIG Capital.
In conjunction with the investments, HIG Capital says Action and Signature will combine to form a full-service provider of flexible food and consumer packaging solutions (the “Company”).
Based outside Los Angeles, the joint company will offer customers a one-stop solution for flexible packaging applications across snacks, meats, candies and baked goods. The Company will operate three facilities.
As part of the agreement, HIG is partnering with Action and Signature’s management teams to provide capital and resources to accelerate the Company’s growth initiatives; supporting the expansion of its customer base, product offering, geographic reach and service capabilities.
“We believe the combination of Action and Signature represents an ideal opportunity to create a premier flexible packaging platform at a time when market tailwinds such as changing consumer preferences (e.g. convenience, on-the-go consumption) and shifts to lower cost packaging should continue to drive growth,” said Ryan Kaplan, managing director at HIG Capital.
Adrian Backer, CEO of Signature, added: “The Company has numerous opportunities to expand and HIG’s capital and resources, particularly around M&A, will help us continue our successful growth trajectory.”
Together, Action Packaging and Signature Flexible Packaging specialise in printing, conversion and the supply of rollstock, pouches and bags used for flexible food and consumer packaging applications.
© FoodBev Media Ltd 2020
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