Mergers & Acquisition

Star Packaging and Master Packaging Merge to Form Star Packaging Corporation

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Star Packaging Corp.

453 Circle, Atlanta, GA, 30349, USA

Original Press Release

Star Packaging and Master Packaging Merge to Form Star Packaging Corporation

Press release date: June 22, 2011

ATLANTA, GA (June 22, 2011) - Master Packaging, located in Tampa, FL has successfully completed a merger with Star Packaging, based in Atlanta, GA. The combined entity will now be known as Star Packaging Corporation and will be headquartered in Atlanta, GA with operating facilities in both Georgia and Florida. The newly combined Company is owned by Azalea Capital, a private investment firm headquartered in Greenville, SC.

The new Star Packaging Corporation offers state-of-the-art manufacturing capabilities and increased production capacity, which will provide customers with greater flexibility and faster response times. Value added products of the new Star include traditional printed rollstock and laminations, along with stand-up pouch variations, rollstock with transverse-direction zippers, and custom designed high-performance laminations ideal for replacing rigid alternatives. These broad capabilities provide greater flexibility to serve the pet food and treat, fresh produce, food and beverage, snack, confectionery, bakery, pool chemical, military packaging, personal care, pharmaceutical, nutraceutical, and lawn and garden markets.

"Our combined industry expertise and manufacturing capabilities allow us to proactively grow our business and provide our customers the quality, the innovation and the speed they seek to bring industry leading products to market. The enhanced financial strength that this merger provides will enable a solid foundation for future growth," says Fred Crowe, President and CEO of the new Star.

Mike Wilson, former owner of Star, who will remain on the Board of the new Company, stated, "For our employees, our customers, and our suppliers, everything will remain business as usual, though our growth strategy going forward will now include acquisitions. We are excited about this merger and the many options it provides for the future."

Master Packaging has 55 years of flexible packaging industry experience and has been backed by Azalea Capital since 2006. Star Packaging, formerly owned by the Wilson family, has over 35 years of experience in the printing, laminating, and conversion of flexible packaging materials.

About the New Star Packaging
Headquartered in Atlanta, GA, the new Star Packaging Corporation is a service-driven provider of flexible packaging solutions. Our industry expertise and flexible manufacturing capabilities allow us to help consumer packaged goods (CPG) companies effectively meet their customers' high expectations. For more information, please contact us at 1-800-252-5414.

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