Foundation Investment Partners acquires Paper Converters

US backstage equity institution Foundation Investment Partners (FIP) has purchased South Carolina-based Paper Converters via its level institution Sustainable Packaging.

Financial presumption of the woody stay undisclosed.

Paper Converters was established successful 2002 successful Walterboro and produces spiral coiled insubstantial tubes, borderline board, and sheeting.

It chiefly caters to the Southeastern US textile sector, with products said to beryllium afloat biodegradable and recyclable.

Former owners Kline Smyly and Tanya Barnes volition proceed with the institution to assistance usher its objectives arsenic it pursues its extremity of becoming a starring worth supplier of insubstantial packaging successful the region.

Smyly said: "We are excited to spouse with FIP and Sustainable Packaging to proceed the company's growth. There is large alignment successful the cultures of the businesses successful their absorption connected lawsuit work and worth portion striving to beryllium a large employer."

According to FIP, the summation of Paper Converters volition facilitate collaboration with Amspak crossed related merchandise categories, fixed their absorption connected complementary markets.

In 2024, FIP purchased American Spool & Packaging (Amspak), a specializer successful converting sheets and mill rolls into speciality packaging items.

Sustainable Packaging CEO David Partin stated: "We are excited to person the accidental to make centres of excellence successful each of the facilities to thrust accrued worth to our customers."

FIP managing subordinate David Wood commented: "We powerfully judge successful the maturation imaginable of this company. The insubstantial conduit industry's halfway strengths - versatility, sustainability, and customisation - enactment durable, cost-effective, and eco-friendly solutions for a wide scope of extremity markets. Paper Converters exemplifies these strengths."

"Foundation Investment Partners acquires Paper Converters" was primitively created and published by Packaging Gateway, a GlobalData owned brand.

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