C-P Flexible Packaging is acquiring Bass Flexible Packaging Inc., a Lakeville, Minn.-based maker of packaging for the confectionery and health and beauty markets.
Bass adds short run and short lead time capabilities to C-P Flexible Packaging, the company said.
Bass makes stand-up pouches, pre-made bags and shrink sleeves and becomes C-P Flexible Packaging's 11 location. The company, owned by private equity firm First Atlantic Capital, now has more than 1,000 employees.
"The acquisition of Bass adds to our already substantial position in the flexible packaging industry. Our goal from the beginning was to create a diverse manufacturer of high-quality flexible packaging products used in a variety of markets throughout North America. With Bass and the other acquisitions completed in the past year, we are successfully achieving that goal," First Atlantic Capital Chairman Roberto Buaron said in a statement.
C-P Flexible Packaging is acquiring Bass from the Shaffer family.
"The Shaffers have developed one of the most agile service models in the industry at Bass, with precision focus on the market's need for short lead times and run lengths," C-P Flexible Packaging CEO Mike Hoffman said in a statement.
C-P Flexible Packaging calls itself one of the top 20 flexible packaging suppliers in the United States. C-P is based in York, Pa. Plastics News' ranking data places it at No. 72 among film and sheet makers in North America with an estimated $80 million in sales.