Centre Lane buys Oracle, will merge it with LLFlex

By Frank Antosiewicz
Correspondent

Published: August 31, 2012 6:00 am ET

Related to this story

Topics Packaging, Mergers & Acquisitions, Film & Sheet

NEW YORK (Aug. 31, 2:20 p.m. ET) — New York investment firm Centre Lane Partners LLC recently acquired Oracle Flexible Packaging Inc. and is combining the Winston-Salem, N.C. flexible packaging company with LLFlex LLC of Louisville, Ky.

Oracle operates two manufacturing facilities in Winston-Salem and has 280 employees. It serves the healthcare, food and beverage, and consumer products markets.

According to its website, the company has a 450,000 square foot flexible packaging production facility as well as a 330,000 square foot aluminum foil production and converting facility. It got its start in 1927 as a small tin foil maker.

LLFlex is a maker of metals-based laminates for packaging and industrial markets and employs 140. It serves the tobacco packaging, wire and cable armament and building and construction facing industries.

“We are excited to bring these businesses together to create a true market-leader in the development, production and supply of high-performance packaging and converted products,” said Nathan Richey, managing director at Centre Lane, in a statement.


Comments

Centre Lane buys Oracle, will merge it with LLFlex

By Frank Antosiewicz
Correspondent

Published: August 31, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Castle Harlan buys landscape erosion control firm Tensar

July 30, 2014 3:46 pm ET

Private equity group Castle Harlan inc. has acquired Atlanta-based Tensar Corp., with plans for the geosynthetic products maker and its subsidiaries...    More

Image

Sainsbury, Schoeller Allibert to recycle food handling crates

July 30, 2014 1:37 pm ET

British retail group Sainsbury's has contracted Dutch recycler Schoeller Allibert BV to reprocess all of its old food crates back into food-grade...    More

Image

Bankruptcy court confirms GSE reorganization plan

July 29, 2014 4:01 pm ET

The U.S. Bankruptcy Court in Wilmington, Del., has confirmed the reorganization plan for geomembranes maker GSE Environmental Inc.    More

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Universal Polymer beefing up capabilities through acquisition

July 29, 2014 12:04 pm ET

Universal Polymer & Rubber Ltd. is growing again and adding to its capabilities, this time via another acquisition and a plant expansion.    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events