{"id":3651,"date":"2024-11-07T03:40:36","date_gmt":"2024-11-07T08:40:36","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=3651"},"modified":"2024-11-07T03:40:36","modified_gmt":"2024-11-07T08:40:36","slug":"fip-acquires-american-spool-packaging","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=3651","title":{"rendered":"FIP acquires American Spool & Packaging"},"content":{"rendered":"


\n<\/p>\n

\n
\n
\n \n <\/picture>
Amspak specialises in converting sheets and mill rolls into speciality packaging products. Credit: Wikkiq via Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

Foundation Investment Partners (FIP) has acquired American Spool & Packaging (Amspak), a company located in Hartsville, South Carolina, US.<\/p>\n

Founded in 1966 by Larry Ridgeway, Amspak\u2019s primary business involves converting sheets and mill rolls into speciality packaging products.<\/p>\n

Its product line includes spiral paper tubes, folding paper cartons, paper spools and reels, sleeves and trays, die-cut cards, sheeted papers and boards, and slit papers.<\/p>\n

Larry\u2019s three children, Trey Ridgeway, Lynn Curry, and Tifini Stafford, have been leading the company.<\/p>\n

Now under FIP\u2019s ownership, Amspak will continue its operations with industry veteran David Partin serving as CEO.<\/p>\n

Partin, along with Michael Smith, vice-president of sales and marketing, will expand their roles within the company.<\/p>\n

\n

Access the most comprehensive Company Profiles
\n on the market, powered by GlobalData. Save hours of research. Gain competitive edge.<\/p>\n