In conjunction with the transaction, Action Packaging and Signature Packaging, including Techflex and Chromatic Labels, rebranded as DazPak Flexible Packaging
Action Packaging, Signature Packaging buy pouch converter Techflex. (Credit: Matthias Böckel from Pixabay)
Packaging solution providers Action Packaging and Signature Packaging have acquired US-based pouch converter Techflex Packaging for an undisclosed sum.
Based in Gardena, California, Techflex has expertise in pouch converting for short-run, high-SKU count customers, primarily serving the food and medical end markets.
The deal will help the company to provide flexible packaging solutions and services to its customer throughout North America.
Action Packaging and Signature Packaging merged their operations after an investment by H.I.G Capital in January last year to form a full-service provider of flexible food and consumer packaging solutions.
H.I.G. Capital managing director Ryan Kaplan said: “We are thrilled to support this strategic investment. Techflex’s pouch converting capabilities represents a natural expansion of the Company’s existing capabilities on the West Coast.”
Techflex co-owner Burt Siegelman said: “We look forward to the strategic alliance with Action and Signature. Techflex has been doing business with the Company for over two decades and it’s extremely exciting to finally bring our businesses together.”
Techflex co-owner Neil Kinney said: “The combined businesses will offer leading regional scale and a comprehensive product offering to our customers, while continuing to offer high-quality packaging solutions.”
In conjunction with the transaction, Action Packaging and Signature Packaging, including Techflex and Chromatic Labels, rebranded as DazPak Flexible Packaging, an integrated flexible packaging platform.
Chromatic Labels, a division of Chromatic Productions, was acquired by Action and Signature Packaging in July last year.
DazPak CEO John Attayek said: “We created DazPak to take the friction out of the packaging process, making it easier and faster for our customers to get their product to market in high-quality packaging.
“We’ve integrated the significant leadership, experience and talent from these companies, to bring our expertise in design, manufacturing, printing, and converting together under a single brand that delivers more value, service and choice to our customers.”