PaperWorks Industries has announced the sale of its flexible packaging assets to Exopack, a $900m flexible packaging converter.
PaperWorks Packaging Group sales senior vice president Lisa Pruett said in the coming months, the company plans to move all of its flexible manufacturing equipment to Exopack's North American sites.
"I can assure our customers that there will be absolutely no disruption to supply and quality, and that service and reliability will only be improved by Exopack's resources," Pruett said.
Private investment firm Sun Capital Partners owns both Exopack and PaperWorks.
Exopack serves the pet food, frozen food, meat and cheese, beverage, industrial, electronics and medical devices through 17 North American production facilities.
