PaperWorks Industries sells flexible packaging assets to Exopack

Mar 06, 2013. /Lesprom Network/. PaperWorks Industries, Inc. sold its flexible packaging assets to Exopack. Both Exopack and PaperWorks are owned by the private investment firm Sun Capital Partners, Inc. Over the next few weeks, account executives will be able to provide account-specific details to customers as PaperWorks further develops its equipment transition plan to ensure continuity of supply, as the company said in a press release received by Lesprom Network. “We plan to move all of our flexible manufacturing equipment to Exopack sites in North America in the coming months,” said Lisa Pruett, Senior Vice President Sales at PaperWorks Packaging Group. “The relationships we have built with our flexible packaging customers are extremely valuable to us, which is why we will maintain the day-to-day management of the business.” PaperWorks customers’ delivery pricing will remain the same, and the company has assigned one key customer service representative as an Exopack liaison. “Our clients will continue to receive quality service and the full attention of the team they have come to know and trust, with the addition of expanded manufacturing assets,” Pruett added. PaperWorks Industries, Inc. is a leading North American integrated full-service packaging provider. Exopack Holding is a leading North American flexible packaging converter and provider of paper and plastic packaging solutions.