New York investment firm Centre Lane Partners LLC recently acquired Oracle Flexible Packaging Inc. and is combining the Winston-Salem, N.C., company with LLFlex LLC of Louisville, Ky.
Oracle operates two plants in Winston-Salem and employs 280. It serves the health-care, food and beverage, and consumer-products markets.
According to its website, the company has a 450,000-square-foot flexible packaging plant, as well as a 330,000-square-foot aluminum foil production and converting facility. It got its start in 1927 as a small maker of tin foil.
LLFlex makes metals-based laminates for packaging and industrial markets and employs 140. Its markets include tobacco packaging, wire and cable armament, and building and construction.
“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, Centre Lane managing director, in a news release.