Action Packaging and Signature Flexible Packaging Complete Acquisition of Techflex Packaging
Action Point, Inc (“Action” or “Action Packaging”) and Signature Flexible Packaging, Inc. (“Signature” and, together with Action, the “Company”), an H.I.G. Capital portfolio company, is pleased to announce that it has acquired Techflex Packaging, LLC (“Techflex”).
Headquartered in Gardena, CA, Techflex provides pouch converting capabilities to short-run, high-SKU count customers, primarily serving the food and medical end markets. The combination will allow the Company to provide a full-service flexible packaging product set to further meet the needs of its combined customer base. The acquisition strengthens the company’s ability to provide comprehensive flexible packaging solutions and services to its customer base throughout North America.
“We are thrilled to support this strategic investment,” said Ryan Kaplan, Managing Director at H.I.G. Capital. “Techflex’s pouch converting capabilities represents a natural expansion of the Company’s existing capabilities on the West Coast.”
Burt Siegelman, Co-Owner of Techflex commented, “We look forward to the strategic alliance with Action and Signature. Techflex has been doing business with the Company for over two decades and it’s extremely exciting to finally bring our businesses together.”
Neil Kinney, Co-Owner of Techflex added, “The combined businesses will offer leading regional scale and a comprehensive product offering to our customers, while continuing to offer high quality packaging solutions.”
In conjunction with the acquisition, the Company, including Techflex and Chromatic Labels, has rebranded as DazPak Flexible Packaging (“DazPak”), a newly integrated flexible packaging platform.
DazPak fills the growing need for flexible packaging in all forms. The benefits of flexible packaging are becoming more and more relevant as companies work to bring brands to market quickly, sustainably and more efficiently. Flexible high barrier packaging gives brands marketable graphics, while also reducing storage space requirements and freight costs over rigid packaging. DazPak represents the premier flexible packaging company on the West Coast through its combined capabilities, deep expertise, superior quality, and unmatched customer service.
“We created DazPak to take the friction out of the packaging process, making it easier and faster for our customers to get their product to market in high quality packaging. We’ve integrated the significant leadership, experience and talent from these companies, to bring our expertise in design, manufacturing, printing, and converting together under a single brand that delivers more value, service and choice to our customers,” said DazPak CEO, John Attayek.
Source: DazPak Flexible Packaging
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