FOR IMMEDIATE RELEASE – September 12, 2023
Flexpak, LLC (“Flexpak”), a value-added distributor and supplier of packaging supplies, announced that it completed the acquisition of Katzke Packaging Co. and Packaging Converting (collectively “Katzke” or the “Company”) on September 1, 2023. Katzke is a distributor of corrugated boxes, custom foam, poly bags, bubble wrap, stretch wrap, tapes and labels. The Company is based in Aurora, Colorado and was founded in 1948. For 75 years, Katzke has been a leading packaging distributor in Colorado, supporting customers across diverse end markets including industrials, consumer products, healthcare and moving and logistics. Katzke represents Flexpak’s second acquisition in Colorado, following its February 2023 acquisition of Thornton-based Preferred Packaging Products, and creates a premier platform serving the region.
“We are delighted to welcome Glenn Suta, Andrew Dannewitz and the entire Katzke team into the Flexpak family. Katzke has a long history of exceptional customer service that aligns with Flexpak’s customer promise to ‘Expect Extraordinary.’ With the combined capabilities of Preferred Packaging and Katzke, we look forward to expanding Flexpak’s custom packaging solutions offering throughout Colorado,” said Flexpak CEO, Brian Kellen.
Glenn Suta, President of Katzke added, “We are excited to join forces with Flexpak. I look forward to working with Brian and his team to expand our business and deliver world-class service to our customers as part of the Flexpak platform.”
Flexpak’s acquisition of Katzke is consistent with its strategy to expand its geographic presence throughout the Mountain West region of the United States. The combination of Flexpak, Preferred Packaging and Katzke creates a leading packaging solutions provider in Colorado with a high-quality sales team and expertise across a variety of end-markets and packaging types. “We are excited to partner with the Katzke team and to broaden Flexpak’s presence and capabilities in Colorado. Going forward, Flexpak will continue to pursue growth and geographic expansion through strategic and complementary acquisitions in both existing and new markets,” said Charlie Denison, Managing Director at Shorehill Capital LLC (“Shorehill”). Flexpak and Shorehill partnered in 2021. Katzke represents the partnership’s fourth acquisition following acquisitions in Arizona, Colorado and southern Utah.
The Shorehill team has been active in the packaging industry over the last two decades, having invested over $300 million in equity across twenty-three acquisitions. The team’s experience includes packaging distribution and manufacturing across a wide variety of substrates.
Terms of this transaction were not disclosed.
About Flexpak, LLC:
Flexpak is a value-added distributor and supplier of packaging supplies, including stock and custom corrugated boxes, polybags, stretch wrap, shrink film, foam, cushioning, mailers, and other related packaging supplies. The Company is headquartered in Woods Cross, Utah and serves customers in a variety of end markets including healthcare, food and beverage, industrial, and consumer products. Flexpak maintains six locations across Utah, Colorado, Arizona and Tennessee. The Company is led by its founder and CEO, Brian Kellen. Flexpak is a portfolio company of Shorehill Capital.
Flexpak is actively seeking acquisitions of value-added distributors and suppliers of packaging supplies and is interested in acquisition opportunities presented by business owners, management, or M&A intermediaries. Please contact Charlie Denison regarding acquisition opportunities.
About Shorehill Capital LLC:
Shorehill Capital LLC is a Chicago-based private equity firm with a passion for creating superior companies. Shorehill is focused on making control equity investments in North American engineered industrial products, industrial services, and value-added distribution companies with EBITDA between $3 million and $15 million and add-ons of any size. Shorehill seeks opportunities with differentiated business models where its experience, network and investment management approach can have a significant impact on the performance of the business. For nearly 30 years Shorehill’s partners have worked with middle market business leaders to accelerate growth and improve operational performance through structured investment management plans. For additional information, please visit www.ShorehillCapital.com.
