Action Packaging and Signature Flexible Packaging Completes Acquisition of Chromatic Productions, Inc. and Appoints John Attayek as CEO
City of Industry – July 20, 2021 – Signature and Action Flexible Packaging (“SAP”) is pleased to announce that it has acquired Chromatic Labels (“Chromatic”) and appointed John Attayek as CEO. SAP specializes in printing, conversion and supply of rollstock, pouches, and bags used for flexible food and consumer packaging applications.
Headquartered in Irvine, CA, Chromatic provides flexible packaging, shrink sleeves and labels to short-run, high-SKU count customers, who encompass beverage, nutraceutical, cosmetic and food end markets. Contributing significantly to Chromatic’s success is its commitment to quality and customer service, a philosophy it shares with SAP. The combination will allow SAP and Chromatic to provide a full-service flexible packaging product set to further meet the needs of its growing customer base.
“Chromatic represents a natural expansion of SAP’s capabilities on the West Coast,” said Howard Applebaum, Chairman of SAP. “Peter and the Chromatic team have built an impressive business over the past fifteen years. SAP is thrilled to share this significant next step in our growth plan together with them.”
Peter Pitchess, Owner and CEO commented, “We look forward to the strategic alliance of SAP and Chromatic. The combined company will offer an unmatched regional scale and comprehensive product offering for our customers, while continuing to offer high quality packaging solutions.”
Effective immediately, John Attayek has been named CEO of SAP where he will focus on building upon the Company’s customer centric approach and commitment to its employees. John was most recently CEO of Inovar Packaging Group, and previously held leadership roles with Tapp Label Technologies & York Label.
“I’m extremely impressed with the company Howard, Adrian, and Federico built” said Attayek “I look forward to building on their legacy and creating a dynamic flexible packaging platform.”
Ryan Kaplan, Managing Director at H.I.G. Capital, said, “John is a proven leader and we are extremely excited to have him join the SAP team. SAP and Chromatic management are comprised of seasoned executives with deep talent and breadth of experience within the flexible packaging industry who are committed to accelerating growth and delivering outstanding value and service to customers.”
About Action Packaging and Signature Flexible Packaging
Action Packaging and Signature Flexible Package specialize in printing, conversion and supply of rollstock, pouches, and bags used for flexible food and consumer packaging applications. The Company serves small-to-medium sized consumer packaged goods companies across snacks, meats, candies, and baked goods. Headquartered outside Los Angeles, Action and Signature operate out of 3 facilities in Carson, CA, City of Industry, CA and Commerce, CA.
About Chromatic Productions, Inc.
Chromatic is headquartered in Irvine, CA, and is a custom flexible packaging, shrink sleeve and pressure-sensitive labels manufacturer. Chromatic serves small-to-medium sized companies in the nutraceutical, cosmetic, food and beverage and pharmaceutical industries. Chromatic’s leading regional flexible packaging and labels capabilities will strengthen SAP’s presence and product offering to current and prospective customers.
About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with $44 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.