Woods Cross, Utah-based packaging supplies provider Flexpak LLC has completed its acquisition of Thornton, Colorado-based Preferred Packaging Products, Inc., according to a Feb. 6 announcement from private-equity firm Shorehill Capital LLC.
Preferred distributes corrugated, custom foam, poly bags, wood crating, bubble, stretch wrap, tapes and labels.
“We are delighted to welcome Bob Abbott and the Preferred team into the Flexpak family,” said Flexpak CEO Brian Kellen. “Preferred and Flexpak share similar cultures and take great pride in providing superior customer service and customized packaging solutions to our customers. We look forward to continued growth in Colorado and expanding the set of specialized capabilities offered to Preferred’s customers.”
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Flexpak’s acquisition of Preferred is “consistent with its strategy to expand its geographic presence throughout the Mountain West region of the United States,” Shorehill Capital said in its announcement.
“We are excited to partner with the Preferred Packaging team to expand Flexpak into Colorado,” said Charlie Denison, Managing Director at Shorehill Capital. “Preferred is an impressive company with deep expertise in packaging design and customized solutions. Going forward, the combined company is well-positioned to continue to expand its capabilities and geographic presence through acquisitions and organic growth.”
In July 2022, Flexpak expanded its presence in the Mountain West region by acquiring ACE Packaging, a distributor and supplier of packaging products headquartered in Phoenix. One year earlier, Shorehill Capital announced its plans to make a strategic investment in Flexpak.
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