Red Diamond Capital's InterFlex Platform Completes Purchase of C&H Packaging
NEW YORK (January 2010) - Red Diamond Capital, a private equity investment firm based in New York, announces the acquisition of C&H Packaging Company by its portfolio company InterFlex Holdings, Inc.
InterFlex, headquartered in Wilkesboro, North Carolina, produces printed flexible packaging for the food industry from facilities in the United States, the United Kingdom and Brazil. C&H, based Merrill, Wisconsin manufactures printed film laminates and pouches for the US snack food, bakery and consumer sectors. The C&H business adds geographic scope, product capability and new end markets to the InterFlex platform. In addition, the incremental scale and combined capabilities of both businesses will facilitate continued attentive customer service and technical resources.
Stephen Doyle, Interflex’s CEO, said “The acquisition creates an operationally robust packaging supplier offering North American customers a range of flexible packaging solutions and technical resources. At the same time, we will continue to deliver the flexibility and customized service that has been a signature of both companies.”
Red Diamond and InterFlex plan to continue to pursue their established growth plan, which includes acquiring flexible packaging converters that provide additional geographic scope, production capability or end market expertise to the InterFlex platform.
About Red Diamond Capital
Formed in 2002, Red Diamond Capital is a $180 million private equity fund that invests in middle-market manufacturing, service and distribution businesses in North America. As an affiliate of Mitsubishi Corporation, Japan's leading trading company, Red Diamond offers a unique mix of strategic resources, industry-focused capital and management expertise to fuel the growth of its portfolio companies.
About InterFlex
InterFlex is a service-focused flexible packaging converter, providing value-added printing, waxing, lamination and pouch making for food and packaged goods applications. InterFlex has proprietary production capabilities and maintains long-term relationships with leading international food companies, providing high quality printed packaging for branded food and consumer products.
