US – US-based alternative investment firm HIG Capital through its portfolio company Dazpak Flexible Packaging has completed the acquisition of Atlapac and the Inno-lok Division of packaging company Polymer Packaging.

The acquisition strengthens the combined companies’ ability to provide flexible packaging solutions and services in the Midwest and will accelerate Dazpak’s entry into new products and markets.

Dazpak prints and converts a full spectrum of flexible packaging solutions for the food & beverage, health & beauty, pet food, pharmaceutical, nutraceutical, and agricultural markets.

Its products include printed laminated rollstock, stand-up zipper pouches, stick packs and sachets, shrink sleeves, pressure-sensitive labels, unprinted rollstock, pouches, bags and others.

Based in Columbus, Ohio, Atlapac is a flexible packaging and pouch converter serving the food & beverage, homecare, and healthcare end markets.

Atlapac president Paul Unrue said: “We are pleased to have a growth-oriented partner in Dazpak.

“The combination will allow us to provide a more comprehensive suite of flexible packaging solutions to our clients in the Midwest and West Coast. This is an exciting new chapter in the Atlapac growth story.”

Meanwhile, Polymer, headquartered in Massillon, Ohio, is one of the leading converters of inno-lok pouches primarily focused on the food & beverage end market.

Following the completion of the deal, Polymer’s assets will be integrated with Atlapac.

Dazpak CEO James Rooney said: “We are excited about the strategic expansion of our flexible packaging offerings into the Midwestern US.

“Atlapac and Polymer not only allow us to expand outside our core Western US markets, but also significantly expand our customer footprint and portfolio of flexible packaging solutions.”

Atlapac and Polymer are Dazpak’s third and fourth add-on acquisitions since HIG took over the company in late 2020.

HIG Capital Managing Director Ryan Kaplan said: “We are thrilled to partner with Paul Unrue and the Atlapac and Polymer teams.

“These acquisitions fit perfectly into Dazpak’s investment thesis, which includes aggressively pursuing mergers and acquisitions (M&A) to help broaden the company’s customer base, product offering, geographic reach, and service capabilities.”

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide.

The firm’s current portfolio includes more than 100 companies with combined sales in excess of US$30 billion.

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