Pennsylvania-based C-P Flexible Packaging said recently that it is buying Sycamore Sales, which does business as Preferred Packaging in Norcross, Georgia.
Preferred Packaging makes multilayer flexible films and thermoformed containers, and it is a supplier of tray sealing equipment for meal solution providers and school systems.
Terms of the transaction were not disclosed.
C-P said in a news release that the deal brings “significant expertise in refrigerated and frozen prepared meal packaging systems, including barrier and breathable flexible rollstock and sealing equipment.”
It also allows the company to expand its geographic reach in the Southeast.
C-P is a long-standing portfolio company of First Atlantic Capital, a New York-based private equity firm.