November 30, 2016
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the sale of its clients, CanAm Packaging Systems, Inc. and Phoenix-Innotech, Inc. (“the Company”) to Vopne Capital.
Phoenix Wrappers is a leading designer and manufacturer of stretch wrapping equipment. Formerly Phoenix-Innotech and CanAm Packaging Systems, the companies formalized their 10-year partnership by merging to form Phoenix Wrappers. Phoenix Wrappers is a fully integrated provider of stretch wrapping equipment, parts, service and support.
Phoenix Wrappers is led by CEO Graham Nicholson, former head of CanAm Packaging. In the Company’s announcement of the transaction, Graham stated: “We are excited to have Vopne Capital join as investors in our company. They share our vision of manufacturing the highest quality products and providing unparalleled customer service. They also share Phoenix Wrappers’ commitment to our customers, our products and our employees.”
Vopne Capital is a San Francisco Bay Area-based private equity firm investing in growing and profitable companies in the lower middle market.