Opelika, AL – Druid Capital Partners, LLC (“Druid Capital”) today announced that it has completed the acquisition of the ongoing business of All State Packaging (“ASP”) from an undisclosed seller. ASP is a designer and manufacturer of folded paperboard cartons for a variety of industries including food and beverage, bakery, confectionery, personal care, home & garden, consumer products, and healthcare. Its clients range from small, privately owned businesses to Fortune 500 companies in the U.S. Druid Capital is partnering with the existing ASP management team led by President Chris Morrell.
Chris Morrell, President of ASP, said, “This partnership with Druid Capital will allow us to continue operating from our facility in Opelika, and most importantly, serving our existing customers and product lines, but also aggressively pursue growth opportunities, both organically and through acquisition.”
Martin Holt, Managing Partner with Druid Capital, said, “We are extremely excited to have Chris as our partner and to expand our packaging platform within our portfolio. Chris has done excellent job positioning and growing ASP recently, and he has really fostered commitment among the employee base, delivering a very qualified, loyal team ready to move forward.”
About All State Packaging – ASP was founded in 1977 in Opelika, AL and is a full-service manufacturer of quality folding cartons. All State strives to serve their customers with an eye towards excellence and prides themselves on their ability to provide a product that reflects commitment to every detail. The company is committed to providing quality, innovative, and sustainable packaging solutions for their customers. For more information, please visit www.allstatepkg.com.
About Druid Capital Partners – Druid Capital Partners is a boutique investment manager focused on investing in private companies in the Southeast, targeting specialty manufacturing, distribution, and industrial services. Druid Capital invests via majority acquisitions and recapitalizations in established companies alongside motivated, entrepreneurial owners and managers, providing a reliable, trusted, and local source of equity capital. For more information, please visit www.druidcapital.com.
