Phoenix receives investment to fund growth initiatives

- Investment to fund growth efforts

 

- Finances to allow investment in ‘'innovative and functional packaging'

 

Grupo Phoenix, a manufacturer of packaging products in the Americas, has entered into a definitive agreement with One Equity Partners (OEP) for a significant equity investment that will be used in its growth plan.

 

Grupo Phoenix manufactures a range of flexible materials, shrink sleeve films and lidding products, as well as plastic containers, for packaging applications, primarily for food.

 

Phoenix operates through a distributed network of 10 manufacturing plants: two in Colombia, one in Mexico, five in Venezuela and two in the US.

 

The company has been working in Latin America for more than 20 years, and  has expanded to now serve more than 20 countries worldwide.

 

OEP’s investment will allow further growth into new territories.

 

OEP is a subsidiary investor company of JPMorgan Chase & Co, and has an extensive experience in investment in the packaging industry worldwide. It is the first foreign investment by JPM in Colombia.

 

Alberto Peisach, Phoenix’s chief executive officer, said: ‘OEP’s investment will allow Grupo Phoenix to continue satisfying the needs of its expanding global customer base; we can strengthen our presence in new geographies, without losing control and management of the operation.

 

‘On the contrary, we can add the experience of a relevant partner like OEP. With this minority investment, we can invest in technologies that add value to customers – and finally to consumers – through innovative and functional packaging.’   

 

Read more on packaging substrates here

Read more news from South and Central America here