California-based Dazpak Flexible Packaging has expanded operations to the East Coast with the completed acquisitions of two Ohio-based companies in the same industry.
“We are excited about the strategic expansion of our flexible packaging offerings into the Midwestern U.S.,” said James Rooney, chief executive officer at Dazpak.
Dazpak, a portfolio company of investment firm H.I.G. Capital, purchased the Columbus, Ohio-based Atlapac Corp. and the Inno-lok Division of Polymer Packaging.
“Atlapac and Polymer not only allow us to expand outside our core Western U.S. markets, but also significantly expand our customer footprint and portfolio of flexible packaging solutions,” Rooney added.
Atlapac, a flexible packaging and pouch converter serving the food and beverage, homecare and healthcare end markets, will bolster the ability of both Altapac and Dazpak to provide flexible packaging solutions and services in the Midwest. The acquisition also is expected to accelerate Dazpak’s entry into new products and markets, according to an Aug. 2 statement released by the companies.
“We are pleased to have a growth-oriented partner in Dazpak,” Atlapac President Paul Unrue said last week. “The combination will allow us to provide a more comprehensive suite of flexible packaging solutions to our clients in the Midwest and West Coast. This is an exciting new chapter in the Atlapac growth story.”
Polymer, which is headquartered in Massillon, Ohio, is a leading converter of inno-lok pouches primarily focused on the food and beverage end market. Polymer’s assets will be merged with Atlapac post-close, the statement says.
Dazpak Flexible Packaging is the new name for the H.I.G. Capital-backed Action Point Inc., Signature Flexible Packaging Inc., and Techflex Packaging LLC.
“We are thrilled to partner with Paul Unrue and the Atlapac and Polymer teams,” said Ryan Kaplan, managing director at H.I.G. Capital. “These acquisitions fit perfectly into Dazpak’s investment thesis, which includes aggressively pursuing M&A to help broaden the company’s customer base, product offering, geographic reach, and service capabilities.”
Atlapac and Polymer represent the third and fourth add-on acquisitions that Dazpak has completed since H.I.G. acquired the company in late 2020. DazPak prints and converts flexible packaging solutions for the food and beverage, health and beauty, pet food, pharmaceutical, nutraceutical, and agricultural markets. The company’s products include printed laminated rollstock, stand-up zipper pouches, stick packs and sachets, shrink sleeves, pressure-sensitive labels, unprinted rollstock, pouches, and bags, among others.