Announced
Completed
Financials
Sources
Tags
Containers and Packaging
Majority
Domestic
Private Equity
Friendly
United States
plastic packaging
Acquisition
Private
Completed
Single Bidder
Synopsis
TJC a middle-market private equity firm, completed the acquisition of Soteria Flexibles, a manufacturer of customized flexible plastic packaging, from Ardian, a private equity fund. Financial terms were not disclosed. “It has been a privilege partnering with Ardian, since the creation of Soteria in 2019. Ardian’s support, insights and resources have been instrumental in Soteria’s ability to innovate and accelerate growth in a segment of the flexibles packaging industry that has historically been segmented and underrepresented. We look forward to continuing our successful journey and cementing our position as a national leader in high-performance films and flexible package manufacturing.” Brad Herbolsheimer, Soteria Flexibles Chief Executive Officer.
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