The company will continue to be managed by Garlock’s current senior management team, led by founder and CEO Pete Garlock. Garlock represents Astara’s first platform investment since it was formed in June 2020. Astara worked with a group of flexible packaging executives who previously worked at industry-leading firms such as Amcor, Mondelez, Printpack, and Transcendia to perform diligence and develop Garlock’s value creation plan.
“We are honored that these executives collaborated with Astara on this opportunity and are excited that they will continue working with Garlock in the years to come,” says Rob Groberg, partner at Astara. Astara Capital Partners invests in a handful of sectors where it has deep experience, including packaging and converting, food, building products, forest products, and industrial manufacturing, distribution, and services.