Equity investor Sun Capital Partners continues its hot streak of acquiring flexible packaging processors. This time, Sun European Partners LLP, the European adviser to Sun Capital Partners Inc., has acquired flexible plastic packaging processor Britton Flexibles Ltd. from the Direct Principal Investments division of HSBC.
The Britton Group extrudes and converts cereal-liner films, printed shrink wrap film and banking coin bags, among other products, from its three facilities in Northern England, including what it claims are the largest film extrusion site and the largest integrated flexographic printing facility in the U.K.
The recent flexible packaging acquisitions of the company include Albéa, Exopack Holding, PaperWorks Industries, Paccor, Reuther Verpackung GmbH & Co. KG, and Veriplast Solutions. Its 17 packaging company acquisitions have a combined revenue in excess of $3.1 billion, according to Sun European Partners....