ATLANTA (Aug. 18, 3:55 p.m. ET) — Packaging converters Master Packaging Inc. and Star Packaging Corp. have merged.
The combined entity will now be known as Star Packaging Corp. and will be headquartered in Atlanta, with operating facilities in Atlanta and Tampa, Fla., according to a recent news release from Chicago-based financial advisers Blaige & Co.
The newly combined company is owned by Azalea Capital, a private investment firm headquartered in Greenville, SC.
Azalea, which had owned Atlanta-based Master since 2006, acquired Tampa-based Star in June. Terms of the deal were not disclosed.
Master CEO Fred Crowe, a former Exopack executive, will head the new company.
Star offers value-added products including printed roll stock and laminations along with stand-up pouch variations, roll stock with transverse-direction zippers and custom-designed high-performance laminations for replacing rigid alternatives.
Star Packaging Corp.'s product mix serves the pet food and treat, fresh produce, food and beverage, snack, confectionery, bakery, pool chemical, military packaging, personal care, pharmaceutical, nutraceutical and lawn and garden markets.