MPE Partners to invest in and merge Central Coated with Sun America.

MPE Partners, a private equity firm, agreed to invest in, and merge Central Coated, a manufacturer of custom cut and coated wax paper for food processing, food service, and industrial applications, with Sun America, a designer and manufacturer of custom paper baking cups, to establish a new platform dedicated to providing custom, innovative, and high performance food packaging solutions. Financial terms were not disclosed. "We are excited to build upon the foundations established by Steve and Russ, and to collaborate closely with Dave in pursuing promising new commercial and operational opportunities. We are thrilled to partner with the management team to pursue new growth avenues, including targeted M&A, to build an industry-leading food packaging platform rooted in innovation, custom capabilities, quality, and reliability," Nick Stender, MPE Partners Principal.