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Current Position:Home » News » Food Technology » Packaging » Topic

Takeover will enable growth - InterFlex

Zoom in font  Zoom out font Published: 2012-05-31  Origin: foodproductiondaily  Authour: Joe Whitworth
Core Tip: Nicolet Capital Partners have acquired InterFlex Group with the aim of growing the firm into “new markets and geographies.”
Terms of the transaction were not disclosed but the deal represents US-based Nicolet’s sixth investment in the plastics, packaging and specialty converting segment, in the past four years.


The takeover was announced by Lincoln International, who acted as financial advisor to Red Diamond, a private equity fund and past owner of InterFlex.  

InterFlex’s converting capabilities include a fleet of eight and 10 colour flexographic presses along with coating, laminating and value-added pouch and bag making. 

Ideal investment

The US-headquartered firm’s market position made it an ideal investment platform in the segment, Brett A. Snyder, president of Nicolet Capital, said in a statement to Industry Intel.   

InterFlex’s high quality converting equipment across multiple geographies combined with its ability to adapt different coatings, barrier technologies and packaging materials make it an ideal investment platform in this segment.

“This management team has been very thoughtful in strategically positioning InterFlex as a major packaging supplier to some of the most respected consumer product companies in the world.

“Growth will come from both acquisitions as well as internal investment in new equipment and technically oriented sales and marketing resources.”

Snyder added they look forward to pursuing opportunities to expand into new end markets and geographies in the US, UK and Europe.

“In addition, we will support InterFlex’s ongoing efforts to develop or acquire further unique converting capabilities and new packaging technologies that it will leverage across its strong customer base
.”

InterFlex is a producer of specialty printed and converted flexible packaging products to the poultry, meat, snacks, baked goods and confectionary industries in the US and Europe.

Acquisition and growth plans

Stephen Doyle, CEO of InterFlex, added in the statement that they were looking forward to working with Nicolet.

The InterFlex management team is excited to partner with Nicolet Capital and looks forward to the financial support for the team’s acquisition and organic growth plans.

“InterFlex will now continue its program to target businesses and make investments that strengthens its position in its core segments and adds converting technology and manufacturing capability.”

The firm operate five manufacturing operations in the US and UK, which provide flexographic printing, barrier laminating, slitting, coating, waxing and pre-formed pouch and bag converting.

 
 
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