The new company is owned by Azalea Capital, a private-investment firm based in Greenville, SC.
Star Packaging Corp. offers state-of-the-art manufacturing capabilities and increased production capacity, which will provide customers with greater flexibility and faster response times, the company said. Value added products of the new company include traditional printed rollstock and laminations, along with stand-up pouch variations, rollstock with transverse-direction zippers and custom-designed, high-performance laminations ideal for replacing rigid alternatives.
These broad capabilities provide greater flexibility to serve the pet food and treat, food and beverage, snack and other markets.
“Our combined industry expertise and manufacturing capabilities allow us to proactively grow our business and provide our customers the quality, the innovation and the speed they seek to bring industry leading products to market,” says Fred Crowe, president and CEO of the new company. “The enhanced financial strength this merger provides will enable a solid foundation for future growth.”
“For our employees, our customers, and our suppliers, everything will remain business as usual, though our growth strategy going forward will now include acquisitions,” said Mike Wilson, former owner of Star, who will remain on the board of the new company. “We are excited about this merger and the many options it provides for the future.”
Master Packaging has 55 years of flexible packaging industry experience and has been backed by Azalea Capital since 2006. Star Packaging, formerly owned by the Wilson family, has more than 35 years of experience in the printing, laminating and conversion of flexible packaging materials.