Ardian Announces Sale of Its Investment in Soteria Flexibles to TJC

Ardian, a world-leading private investment house, has sold its investment in Soteria Flexibles Holdings LLC to TJC LP (TJC). With the Ardian North America Fund team’s support, today Soteria Flexibles is a North American leader in short-run, custom flexible packaging manufacturing serving the healthcare, fresh food, industrial, foodservice, janitorial/sanitation and commercial markets.

Led by CEO Brad Herbolsheimer and headquartered in Carol Stream, IL, Soteria Flexibles was created in 2019 following Ardian’s platform acquisition of Colonial Bag, a family-owned company based outside Chicago. It provides customized high-quality packaging products in relatively small volumes to specialized businesses in underserved, high-growth sub-segments that need tailored specifications.

Under Ardian’s ownership over the last four years, and led by the company’s management team, Soteria Flexibles grew via continued acquisitions and investments into capacity, operations, talent and infrastructure. The company completed four highly accretive acquisitions within the flexible products industry: RediBag, Continental Products, Phoenix Plastics and Film Tech. It transformed from a single-plant family-owned business into a leading player in the national flexible packaging and films market with broad capabilities, four plant locations, a highly flexible operating model, strong distribution network, and a fundamental infrastructure to support future add-on acquisitions.
more at: https://www.businesswire.com/news/home/20230906593074/en/Ardian-Announces-Sale-of-Its-Investment-in-Soteria-Flexibles-to-TJC

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