Private equity firm Brynwood Partners V LP of Greenwich is folding bag maker Uniflex Inc. into S. Walter Packaging Corp., a Philadelphia bag distributor.
Newsday reported Jan. 26 that Uniflex will close by spring. The Hicksville, N.Y., firm has a plant in Westbury, N.Y.
Brynwood managing partner Bob Sperry confirmed in a Jan. 30 phone interview that Andy Wilson will be chairman and chief executive officer of the combined company. He deferred further questions to Wilson, who did not return a call before deadline.
S. Walter last year bought Armor Packaging Co. Inc. of Los Angeles and Germain Packaging of San Diego, pushing SWP's annual sales over $75 million.