<ul>
<li>Garlock Flexibles 和 C-P Flexible Packaging（&#34;Garlock/C-P&#34;）于 2025 年 10 月合并，成为灵活包装领域的前 15 大企业之一</li>
<li>Astara Capital Fund I 领导了 Garlock Flexibles 的延续投资工具，并同时收购了 C-P Flexible Packaging，得到了主要共同投资者的支持</li>
<li>Astara 于 2021 年首次投资 Garlock Flexibles</li>
</ul>
<p>, /PRNewswire/ -- Astara Capital Partners, LLC（&#34;Astara&#34;），一家中型市场私募股权公司，今天宣布该公司领导了 Garlock Flexibles（&#34;Garlock&#34;）的延续投资工具，并于 2025 年 10 月同时合并了 C-P Flexible Packaging（&#34;C-P&#34;）。此次合并使其成为北美前 15 大灵活包装制造商之一，在美国和加拿大战略性地设有 10 个制造地点。Garlock/C-P 总部位于宾夕法尼亚州约克市。</p>
<p>Astara 于 2021 年收购了 Garlock，将其从一家家族企业的非核心子公司转变为一家在食品和农产品包装领域具有领先地位的独立公司。Garlock/C-P 的成立代表了该战略的自然进展，并展示了 Astara 执行复杂交易的能力，同时向投资者回报资本。</p>
<p>Astara 的管理合伙人 Michael Ranson 表示：&#34;我们感谢投资者的支持与合作，使得 C-P 交易成为可能。他们对我们战略的信心使我们能够在为某些投资者提供流动性的同时，建立一个更强大、更具多样性和可扩展性的灵活包装平台，具有显著的长期增长潜力。&#34;</p>
<p><strong>一个为增长而规模化的平台</strong> Garlock/C-P 的平台在高图形柔版印刷、粘合和挤出层压、冷封应用、激光穿孔和打孔、洁净室生产以及立式袋和袋子转换方面提供了扩展的能力。该公司继续推进可回收和可堆肥的灵活包装格式以及可持续材料解决方案，以支持客户不断发展的环境承诺。Garlock/C-P 计划在 2026 年进行超过 2000 万美元的资本投资。这包括预防性维护计划、新的制造设备、部分生产资产的现代化，以及在 IT、数据基础设施和分析能力方面的持续投资。</p>
<p>Astara 的合伙人 Lindsey Tannenbaum 评论道：&#34;Garlock/C-P 的成立创造了一家领先的灵活包装制造商，具备规模、能力和创新引擎，更好地服务于北美的客户。整合工作进展顺利：团队在关键职能领域取得了显著进展，同时在过渡期间保持了对无缝服务、质量和客户响应的严格关注。&#34;</p>
<p>Astara 的合伙人 Rob Groberg 补充道：&#34;我们对 Garlock 自 2021 年与公司合作以来所取得的进展感到非常自豪。感谢 Greg Powell 和整个 Garlock 团队的卓越工作。与 C-P 的合并执行证明了他们的领导力、纪律和致力于建立一流组织的承诺。&#34;</p>
<p>BMO Capital Markets 担任财务顾问，M2O Private Fund Advisors 担任配售代理，Proskauer Rose LLP 担任 Garlock 合并交易的法律顾问。Greenhill &amp; Co.，作为瑞穗的附属公司，担任 C-P 的独家财务顾问，Dechert LLP 担任法律顾问。</p>
<p><strong>关于 Astara Capital Partners</strong> Astara Capital Partners 是一个专注于中型市场的投资者和运营者的综合团队。该公司提供资本、战略指导和运营支持，以帮助在其投资组合中建立可持续价值。Astara 投资于其具有深厚专业知识的领域，包括建筑产品、家庭服务、食品、包装、制造和分销。更多信息请访问 www.astaracapital.com。</p>
<p>来源 Astara Capital Partners</p>
<p><img src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwMzExJk5ld3NJdGVtSWQ9TlkwNzg2MyZUcmFuc21pc3Npb25fSWQ9MjAyNjAzMTExMDQ3UFJfTkVXU19VU1BSX19fX19OWTA3ODYz?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwMzExJk5ld3NJdGVtSWQ9TlkwNzg2MyZUcmFuc21pc3Npb25fSWQ9MjAyNjAzMTExMDQ3UFJfTkVXU19VU1BSX19fX19OWTA3ODYz"/></p>

<p>Astara Capital Partners 宣布其在 Garlock Flexibles 的延续投资工具中的领导地位，并与 C-P Flexible Packaging 合并，形成北美前 15 大柔性包装制造商。此次合并将于 2025 年 10 月生效，此前 Astara 于 2021 年对 Garlock 进行了初始投资。合并后的实体将专注于扩大可持续包装的能力，并计划在 2026 年进行超过 2000 万美元的资本投资。Astara 的合伙人强调了新平台的成功整合和增长潜力，重申了他们对质量和客户服务的承诺</p>

<ul>
<li>Garlock Flexibles and C-P Flexible Packaging (&#34;Garlock/C-P&#34;) combined in October 2025, creating one of the Top 15 players in flexible packaging</li>
<li>Astara Capital Fund I led a continuation vehicle for Garlock Flexibles and the simultaneous acquisition of CP Flexible Packaging with support from leading co-investors</li>
<li>Astara initially invested in Garlock Flexibles in 2021</li>
</ul>
<div class="lb-trans"><ul>
<li>Garlock Flexibles 和 C-P Flexible Packaging（&#34;Garlock/C-P&#34;）于 2025 年 10 月合并，成为灵活包装领域的前 15 大企业之一</li>
<li>Astara Capital Fund I 领导了 Garlock Flexibles 的延续投资工具，并同时收购了 C-P Flexible Packaging，得到了主要共同投资者的支持</li>
<li>Astara 于 2021 年首次投资 Garlock Flexibles</li>
</ul>
</div><p>, /PRNewswire/ -- Astara Capital Partners, LLC (&#34;Astara&#34;), a middle-market private equity firm, today announced that the firm led a continuation vehicle for Garlock Flexibles (&#34;Garlock&#34;), and the simultaneous merger of C-P Flexible Packaging (&#34;C-P&#34;) in October 2025. The combination created one of the Top 15 flexible packaging manufacturers in North America, with 10 manufacturing locations strategically positioned across the United States and Canada. Garlock/C-P is headquartered in York, Pennsylvania.</p>
<div class="lb-trans"><p>, /PRNewswire/ -- Astara Capital Partners, LLC（&#34;Astara&#34;），一家中型市场私募股权公司，今天宣布该公司领导了 Garlock Flexibles（&#34;Garlock&#34;）的延续投资工具，并于 2025 年 10 月同时合并了 C-P Flexible Packaging（&#34;C-P&#34;）。此次合并使其成为北美前 15 大灵活包装制造商之一，在美国和加拿大战略性地设有 10 个制造地点。Garlock/C-P 总部位于宾夕法尼亚州约克市。</p>
</div><p>Astara acquired Garlock in 2021, transforming it from a non-core subsidiary of a family-owned business into a standalone company with a leading position in food and produce packaging. The formation of Garlock/C-P represented a natural progression in that strategy and demonstrated Astara's ability to execute complicated transactions while returning capital to investors.</p>
<div class="lb-trans"><p>Astara 于 2021 年收购了 Garlock，将其从一家家族企业的非核心子公司转变为一家在食品和农产品包装领域具有领先地位的独立公司。Garlock/C-P 的成立代表了该战略的自然进展，并展示了 Astara 执行复杂交易的能力，同时向投资者回报资本。</p>
</div><p>Michael Ranson, Managing Partner of Astara, said, &#34;We are grateful to our investors for their support and partnership, which made the C-P transaction possible. Their confidence in our strategy has enabled us to simultaneously provide liquidity to certain investors while building a stronger, more diversified, and scalable flexible packaging platform with significant long-term growth potential.&#34;</p>
<div class="lb-trans"><p>Astara 的管理合伙人 Michael Ranson 表示：&#34;我们感谢投资者的支持与合作，使得 C-P 交易成为可能。他们对我们战略的信心使我们能够在为某些投资者提供流动性的同时，建立一个更强大、更具多样性和可扩展性的灵活包装平台，具有显著的长期增长潜力。&#34;</p>
</div><p><strong>A Scaled Platform Positioned for Growth</strong> Garlock/C-P's platform offers expanded capabilities in high-graphics flexographic printing, adhesive and extrusion lamination, cold seal applications, laser perforation and scoring, clean-room production, and stand-up pouch and bag converting. The company continues to advance recyclable and compostable flexible packaging formats and sustainable material solutions to support customers' evolving environmental commitments. Garlock/C-P plans to make more than $20 million in capital investments in 2026. This includes preventative maintenance programs, new manufacturing equipment, modernization of select production assets, and continued investment in IT, data infrastructure, and analytics capabilities.</p>
<div class="lb-trans"><p><strong>一个为增长而规模化的平台</strong> Garlock/C-P 的平台在高图形柔版印刷、粘合和挤出层压、冷封应用、激光穿孔和打孔、洁净室生产以及立式袋和袋子转换方面提供了扩展的能力。该公司继续推进可回收和可堆肥的灵活包装格式以及可持续材料解决方案，以支持客户不断发展的环境承诺。Garlock/C-P 计划在 2026 年进行超过 2000 万美元的资本投资。这包括预防性维护计划、新的制造设备、部分生产资产的现代化，以及在 IT、数据基础设施和分析能力方面的持续投资。</p>
</div><p>Lindsey Tannenbaum, Partner at Astara commented, &#34;The formation of Garlock/C-P has created a leading flexible packaging manufacturer with the scale, capabilities, and innovation engine to better serve customers across North America. The integration is off to a great start: the team has made significant progress across key functional areas while maintaining disciplined focus on seamless service, quality, and responsiveness for customers throughout the transition.&#34;</p>
<div class="lb-trans"><p>Astara 的合伙人 Lindsey Tannenbaum 评论道：&#34;Garlock/C-P 的成立创造了一家领先的灵活包装制造商，具备规模、能力和创新引擎，更好地服务于北美的客户。整合工作进展顺利：团队在关键职能领域取得了显著进展，同时在过渡期间保持了对无缝服务、质量和客户响应的严格关注。&#34;</p>
</div><p>Rob Groberg, Partner at Astara added, &#34;We are extremely proud of the progress Garlock has made since we partnered with the company in 2021. Thank you to Greg Powell and the entire Garlock team for their exceptional work. Executing the combination with C-P is a testament to their leadership, discipline, and commitment to building a best-in-class organization.&#34;</p>
<div class="lb-trans"><p>Astara 的合伙人 Rob Groberg 补充道：&#34;我们对 Garlock 自 2021 年与公司合作以来所取得的进展感到非常自豪。感谢 Greg Powell 和整个 Garlock 团队的卓越工作。与 C-P 的合并执行证明了他们的领导力、纪律和致力于建立一流组织的承诺。&#34;</p>
</div><p>BMO Capital Markets served as financial advisor, M2O Private Fund Advisors served as placement agent, and Proskauer Rose LLP served as legal counsel to Garlock on the merger transaction. Greenhill &amp; Co., a Mizuho affiliate, served as exclusive financial advisor and Dechert LLP served as legal counsel to C-P.</p>
<div class="lb-trans"><p>BMO Capital Markets 担任财务顾问，M2O Private Fund Advisors 担任配售代理，Proskauer Rose LLP 担任 Garlock 合并交易的法律顾问。Greenhill &amp; Co.，作为瑞穗的附属公司，担任 C-P 的独家财务顾问，Dechert LLP 担任法律顾问。</p>
</div><p><strong>About Astara Capital Partners</strong> Astara Capital Partners is an integrated team of investors and operators focused on the middle market. The firm provides capital, strategic guidance, and operational support to help build sustainable value across its portfolio. Astara invests in sectors where it has deep expertise, including building products, home services, food, packaging, manufacturing, and distribution. More information is available at www.astaracapital.com.</p>
<div class="lb-trans"><p><strong>关于 Astara Capital Partners</strong> Astara Capital Partners 是一个专注于中型市场的投资者和运营者的综合团队。该公司提供资本、战略指导和运营支持，以帮助在其投资组合中建立可持续价值。Astara 投资于其具有深厚专业知识的领域，包括建筑产品、家庭服务、食品、包装、制造和分销。更多信息请访问 www.astaracapital.com。</p>
</div><p>SOURCE Astara Capital Partners</p>
<div class="lb-trans"><p>来源 Astara Capital Partners</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwMzExJk5ld3NJdGVtSWQ9TlkwNzg2MyZUcmFuc21pc3Npb25fSWQ9MjAyNjAzMTExMDQ3UFJfTkVXU19VU1BSX19fX19OWTA3ODYz" alt="" original-src="https://rt.prnewswire.com/rt.gif?NewsItemId=NY07863&amp;Transmission_Id=202603111047PR_NEWS_USPR_____NY07863&amp;DateId=20260311"/></p>

Astara Capital Partners 的投资支持了 Garlock Flexibles 与 C-P Flexible Packaging 的合并