C-P Flexible Packaging Makes Two Acquisitions
C-P Flexible Packaging acquired privately held Fruth Custom Packaging, Inc. and affiliated company Cleanroom Film and Bag, Inc. located in Placentia, California. Both of the acquired companies specialize in manufacturing flexible rollstock and pre-made pouches used in cleanroom environments. C-P is a longstanding portfolio company of First Atlantic Capital, a New York based private equity firm. Terms of the transaction were not disclosed.
This acquisition provides C-P with expanded geographic reach on the West Coast and expertise in medical device, biopharmaceutical, electronics and semiconductor packaging. Fruth Custom Packaging and Cleanroom Film and Bag had common ownership with a long history of success. Manufacturing capabilities include several levels of cleanroom environments with in-house blown film extrusion, flexographic printing, specialty bag making and slitting. Distribution capabilities include a national network of specialty supply partners and a platform for e-commerce sales.
“We are delighted to welcome the leadership team and employees of Fruth and Cleanroom Film and Bag to our C-P family. With the global focus on health and wellness as well as the growth in semi-conductor demand for technologies like 5G, we see significant additional growth opportunities for Fruth’s sophisticated cleanroom packaging materials,” said Mike Hoffman, CEO of C-P.
The Fruth family and management team were advised by Thomas Blaige & Company, LLC on the sale of Fruth Custom Packaging, Inc. and Cleanroom Film and Bag, Inc.
“The Blaige team utilized its deep industry knowledge to present my businesses as clear leaders in the value-added cleanroom packaging space, resulting in a successful partnership with C-P,” stated Jim Fruth.