C-P Flexible Packaging (C-P), a leader in the flexible packaging industry, announces the acquisition of privately held Bass Flexible Packaging, Inc. (Bass). With the addition of Bass, C-P expands into the highly attractive confectionary and health & beauty markets and adds state of the art short run and short lead time capabilities. C-P is a long-standing portfolio company of First Atlantic Capital, a New York based private equity firm. Terms of the transaction were not disclosed.
Located in Lakeville, MN, Bass has developed a customer-centric service model supported by nimble assets and systems enabling the company to meet short lead times for a wide breadth of order quantities. Bass produces a variety of stand-up pouches, premade bags and shrink sleeves. This strategic investment complements C-P Flexible Packaging’s best-in-class converting capabilities. C-P Flexible Packaging’s North American footprint now consists of 11 locations with over 1,000 employees.
According to C-P Flexible Packaging CEO Mike Hoffman, “The Shaffers have developed one of the most agile service models in the industry at Bass, with precision focus on the market’s need for short lead times and run lengths. Combining this unique strength with their high-growth end markets complements C-P’s strategic initiatives in these areas. We are excited to welcome the Bass family to our team!”
more at: https://www.businesswire.com/news/home/20220304005476/en/C-P-Flexible-Packaging-Announces-Acquisition-of-Bass-Flexible-Packaging-Inc.-and-Expands-in-High-Growth-Confectionary-and-Health-Beauty-Markets