MPE Partners has created a new custom food packaging platform through separate strategic investments in Central Coated Products and Sun America.<\/p>\n
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Both companies will maintain operations at their current production sites following the transaction, with daily activities expected to remain unchanged despite the consolidation.<\/p>\n
The new platform is aimed at unifying their capabilities and expanding MPE Partners\u2019 footprint in the industry.<\/p>\n
The combined company supplies wax paper, baking cups, and plastic packaging tailored to food processors.<\/p>\n
Its customers span sectors such as meat, cheese, and baked goods, reached through both direct and distributor channels. The combined company also distributes a variety of foodservice wax paper products under the Carnation label.<\/p>\n
The investment incorporates collaboration with Steve Porter from Central Coated and Sun America founder Russ Romocean.<\/p>\n
Porter said: \u201cOver the last four decades, Central Coated\u2019s mission has been to deliver high-quality, custom wax paper solutions that solve critical productivity challenges for our customers.\u201d<\/p>\n
The leadership teams from both companies will reportedly remain involved in the newly formed enterprise.<\/p>\n
Romocean said: \u201cWe founded Sun America with a commitment to provide the industry\u2019s premier denesting paper cups and have continued to develop innovative and sustainable paper and plastic solutions for food processors.<\/p>\n
\u201cMPE\u2019s shared values and vision, as well as its ability to facilitate the merger with Central Coated, made it the right partner for Sun America.\u201d<\/p>\n
To guide the business through its next growth stage, MPE has brought in Dave Furstoss as interim CEO and board member.<\/p>\n
Furstoss formerly led EasyPak and spent more than 17 years in executive roles at packaging company Pactiv.<\/p>\n
MPE principal Nick Stender said: \u201cWe are thrilled to partner with the management team to pursue new growth avenues, including targeted M&A [merger and acquisition], to build an industry-leading food packaging platform rooted in innovation, custom capabilities, quality, and reliability.\u201d<\/p>\n
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