The InterFlex Group has acquired Star Packaging Corporation, a flexible packaging converter with markets in the North American bakery, chemicals and snack food sector.
The deal will see sales in excess of $200m annually and the two companies will trade as InterFlex Group with its North American headquarters based in Wilkesboro, NC.
Stephen Doyle, CEO, InterFlex Group, flexible packaging company, which has facilities in North America and the UK, said the transaction was completed through its North American subsidiary and in conjunction with its equity investment partner, Nicolet Capital.
"The acquisition further expands InterFlex’s capabilities as an operationally robust packaging supplier offering North American customers a range of flexible packaging and technical resources,” he said.
Based in Atlanta, Georgia, Star is a supplier to a major packaged goods companies in the US.
The acquisition gives InterFlex's North American operations additional scale and depth in printing, solvent and solvent-less lamination, coating, pouch making and Inno-Lok capability.