On July 11, Woods Cross, Utah-based packaging supplies provider Flexpak LLC announced the acquisition of ACE Packaging, a distributor and supplier of packaging products headquartered in Phoenix.
The acquisition was finalized on July 1. The financial terms of the transaction were not disclosed.
“We are thrilled to welcome the ACE team to the Flexpak family,” said Brian Kellen, Flexpak CEO. “ACE and Flexpak share similar cultures; both companies take great pride in providing high levels of customer service. We look forward to continued growth and offering an expanded set of products and services to ACE’s customers.”
Flexpak is owned by Shorehill Capital, a private equity firm based in Chicago.
“ACE is a terrific company with a long history and great reputation in the Arizona marketplace,” commented Charlie Denison, managing director at Shorehill Capital. “We are excited to partner with the ACE team to expand Flexpak into Arizona. Looking forward, Flexpak will continue to use acquisitions to expand its presence throughout the Mountain West region.”