Star Packaging and Master Packaging Merge
ATLANTA, Ga.—Master Packaging, located in Tampa, Fla., completed a merger with Star Packaging, based in Atlanta, Ga. The combined entity will now be known as Star Packaging Corporation and will be headquartered in Atlanta, Ga. with operating facilities in both Georgia and Florida. The newly combined company is owned by Azalea Capital, a private investment firm headquartered in Greenville, S.C.
The new Star Packaging Corporation offers state-of-the-art manufacturing capabilities and increased production capacity, which will provide customers with greater flexibility and faster response times. Value added products of the new Star include traditional printed rollstock and laminations, along with stand-up pouch variations, rollstock with transverse-direction zippers, and custom designed high-performance laminations ideal for replacing rigid alternatives. These broad capabilities provide greater flexibility to serve the pet food and treat, fresh produce, food and beverage, snack, confectionery, bakery, pool chemical, military packaging, personal care, pharmaceutical, nutraceutical, and lawn and garden markets.
“Our combined industry expertise and manufacturing capabilities allow us to proactively grow our business and provide our customers the quality, the innovation, and the speed they seek to bring industry leading products to market. The enhanced financial strength that this merger provides will enable a solid foundation for future growth,” says Fred Crowe, president and CEO of the new Star.
“For our employees, our customers, and our suppliers, everything will remain business as usual, though our growth strategy going forward will now include acquisitions,” Mike Wilson, former owner of Star, who will remain on the Board of the new company, says. “We are excited about this merger and the many options it provides for the future.”