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Dazpak Flexible Packaging, An H.I.G. Capital Portfolio Company, Completes Acquisitions Of Atlapac Corporation And The Inno-Lok Division Of Polymer Packaging

Aug 02, 2022•almost 3 years ago

Acquiring Company

Dazpak Flexible Packaging

Acquired Company

Atlapac Corporation

Food And BeverageManufacturingManufacturingFood And BeverageManufacturing

Description

H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $50 billion of equity capital under management, is pleased to announce that its portfolio company, Dazpak Flexible Packaging (“Dazpak” or the “Company”), has completed the acquisitions of Atlapac Corporation (“Atlapac”) and the Inno-lok Division of Polymer Packaging (“Polymer”).

Company Information

Company

Dazpak Flexible Packaging

Location

S Gramercy Place

About

Dazpak is a flexible packaging company that prints and converts a full spectrum of flexible packaging solutions for the food & beverage, health & beauty, pet food, pharmaceutical, nutraceutical, and agricultural markets. Products include printed laminated rollstock, stand-up zipper pouches, stick packs and sachets, shrink sleeves, pressure sensitive labels, unprinted rollstock, pouches, bags and more. For more information visit: dazpak.com

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed