Shorehill Capital LLC announced the recapitalization of Flexpak LLC, a Woods Cross, Utah-based distributor of packaging supplies. Financial terms of the deal weren’t disclosed.
The investment, which was made in partnership with the company’s management team and Brian Kellen, Flexpak’s founder and CEO, closed on July 30.
Flexpak’s products include stock and custom corrugated boxes, polybags, stretch wrap, shrink film, foam, cushioning, mailers and other related packaging supplies. The company primarily serves the food, health care, biotechnology, industrial, and consumer products industries across Utah and Idaho.
“I am beyond excited to have found a partner that truly understands and appreciates our business, go-to-market strategy, and ongoing investment in our employees and customers,” said Kellen, who will continue to lead Flexpak as president and CEO and as a member of the company’s board of directors. “My management team and I look forward to the next chapter of growth alongside the Shorehill team.”
Added Charlie Denison, Shorehill’s managing director: “Shorehill is thrilled to partner with Brian Kellen and the Flexpak management team to accelerate pursuit of several attractive organic and inorganic growth opportunities. We look forward to a successful partnership with a dynamic team that is known for its best-in-class customer service and innovative packaging solutions.”