Translink is pleased to announce that Peakstone, its partner firm in the United States, served as advisor to Free-Flow Packaging International, Inc. (FP International) in connection with its pending acquisition by Pregis, LLC. The acquisition is expected to be finalized in the coming weeks, subject to customary closing conditions and regulatory review.
FP International has a 50-year history of providing a wide range of protective packaging solutions. Its well-known brands include the MINI PAK’R®, PRO PAK’R®, POWER PAK’R® and many other protective packaging products. The company was founded in 1967 by Arthur Graham, who pioneered the use of free-flowing interior packaging material. FP International has been transformed over the past two decades from a single-product company to a leading provider of protective packaging solutions with multinational operations.
FP International President Joe Nezwek said, “We’re excited to become a part of Pregis’ expanding protective packaging portfolio. This will enable us to continue FP’s 50-year commitment to innovation and outstanding customer service. As one company, we can accelerate our efforts to meet the evolving needs of our customers.”
Headquartered in Fremont, California, FP has five manufacturing facilities—two in the United States plus Germany, France and the Netherlands—supported by 360 employees. Pregis plans on continuing manufacturing operations in those locations.
In addition to the FP International transaction, Peakstone’s Packaging Investment Banking team has advised on many high profile and complex transactions in the packaging industry, including Duro Bag’s sale to Novolex, GMSP’s sale to Hoffmaster, Alden & Ott’s sale to hubergroup, Clarke Group’s sale to Red Oak Growth Partners and Pure Pulp’s strategic investment by Fabri-Kal. In recent years, members of Peakstone’s Packaging Investment Banking team have advised on over 30 completed transactions.
About FP International
FP International is a global leader of innovative protective packaging products and systems. Now widely recognized for its sophisticated product design and customer-centric culture as well as its trail-blazing technology, FP International operates on three continents, providing interior packaging solutions to a wide array of industries, from automobiles to toys. For more, www.fpintl.com, www.minipakr.com.
About Pregis, LLC
Pregis LLC is a customer-driven solutions provider of innovative protective packaging materials, equipment systems and surface protection. As a material neutral company, the company works with its customers to find the right solution to solve their business challenges. Pregis serves a wide variety of consumer and industrial market segments including food, pharmaceutical, healthcare, medical devices, agricultural, e-commerce, retail, automotive, transportation, furniture, electronics, building, construction and military/aerospace. For more, www.pregis.com.