C.P. Converters - Onex Falcon

C.P. Converters

Sponsor in need of junior debt and equity capital in support of acquisition with tight commitment timeframe

Business Description:

C.P. Converters, Inc. (d/b/a C-P Flexible Packaging) is a manufacturer of flexible packaging products primarily for food and personal care customers throughout the United States.  Headquartered in York, Pennsylvania, C.P. Converters has been a producer of film-based flexible packaging for over 50 years and offers a full range of adhesive laminated and extrusion laminated structures.  The Company focuses on private label packaging in end markets with high SKU counts, such as snack foods.  Products include multi-ply laminations, surfaced printed rollstock, labels, stand-up pouches, pre-applied closures, and printed shrink sleeves.  C.P. Converters’ customers include major blue-chip food companies and several high growth brands, such as Shearer’s, Kellogg’s, Ocean Spray, and Pirates Brands.

Falcon Solution:

Falcon partnered with a private equity firm with a history of successful investments in the packaging space.  Working under a tight timeframe, Falcon utilized its knowledge of the packaging industry to provide a flexible capital solution to support the acquisition.

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Investment Date:

DEC 2012

Transaction Type:

Buyout

Industry:

Flexible packaging

Sponsor:

Private equity group

Securities:

Subordinated notes and common equity

Exit Date:

Current investment