Edgewater forms specialty packaging platform

Edgewater Growth Capital Partners IV, L.P. is pleased to announce that its newly formed portfolio company Advanced Converting Works Holdings, LLC (“ACW”) has recently completed the simultaneous acquisitions of Illinois-based packaging company Phoenix Converting, Inc. (“Phoenix”) and Wisconsin-based packaging company VPS Holdings, Inc. (“Valley”). ACW is led by Chris Wrobel, a highly accomplished senior executive who has extensive commercial, operational and acquisition experience within the packaging industry.

Phoenix operates as a specialty converter of pouch packaging primarily used in medical and food applications. The company has established a strong niche in the paper-poly/foil-poly substrate for medical applications and possesses upstream capacities in film conversion (printing, coating, laminating and slitting). Valley also operates as a specialty converter of plastic pouch packaging, differentiating through technical and production capabilities in complex formats such as box-pouch, spouted pouches and custom-shaped packaging.

ACW is targeting additional acquisitions of packaging companies with a focus on pouch conversion services that can broaden its capabilities and end markets.