MPE Partners Launches Innovative Food Packaging Platform Merging Central Coated Products and Sun America
On May 1, 2025, MPE Partners, also known as Morgenthaler Private Equity, made an impactful announcement regarding the food packaging industry. The investment group has initiated a merger between Central Coated Products and Sun America, effectively forming a new platform aimed at delivering high-quality, custom food packaging solutions. This strategic move is set to foster innovation and excellence in the sector, as both companies have a reputation for providing superior products to their clients.
Central Coated Products, established in 1976 and located in Alliance, Ohio, has built a strong presence in the market as a provider of custom cut and coated wax paper. Their offerings target food processing, food service, and industrial applications, with a focus on creating production-friendly solutions that enhance operational efficiency. The company specializes in wax paper designed for automated production lines, which allows for the smooth separation of food items, grease-resistant options for retail settings, and anti-slip paper suitable for industrial handling.
Sun America, on the other hand, has made its mark since its inception in 1993, also in Alliance, Ohio. The company has become well-known for its innovation in the design and manufacturing of custom paper baking cups, which cater to high-speed production requirements for items like muffins and cupcakes. They also produce thermoformed plastic containers and trays suitable for streamlined automated packaging processes, showcasing a commitment to both quality and performance.
The merger will allow Central Coated and Sun America to continue their operations from their existing facilities without disruption to their current business models. This continuity is essential, as both companies can leverage their established workflows and loyal customer bases while benefiting from their combined strengths. The new entity, backed by MPE Partners, is poised to further enhance its product line by introducing novel and high-performing solutions tailored to food industry clients.
Leading the organization into this new chapter is Dave Furstoss, an industry veteran appointed as the Interim CEO and board member. Furstoss, who has a rich background in packaging, having previously served as the CEO of EasyPak, is expected to drive the companies towards growth and innovation. His extensive experience, including a notable tenure at Pactiv, a leader in fresh food and beverage packaging, positions him well to lead this merger successfully.
MPE Partners has consistently demonstrated its commitment to growing businesses within the lower middle market, focusing its investments on companies that show profitability potential and robust operational capabilities. With an investment philosophy that prioritizes partnership with entrepreneur-driven enterprises, MPE’s acquisition and merger endeavors are aimed at enhancing value and ensuring sustainable growth.
The advantages of this merger extend not only to the companies involved but also to the vast network of clients who depend on their products for reliable and innovative food packaging solutions. As MPE Partners plays a pivotal role in this transformation, there is much anticipation regarding how the synergy of Central Coated Products and Sun America will redefine the norms within the food packaging industry. The combined expertise and commitment to quality are expected to yield exciting developments and foster innovation that will address the evolving needs of food processors across various sectors.
In summary, this merger signifies a forward-thinking approach to food packaging, one that emphasizes both quality and innovation. MPE Partners, Central Coated Products, and Sun America are embarking on a promising journey together, with the potential to set new standards in an industry that continues to evolve rapidly. As the companies operate within their established frameworks while exploring new opportunities, stakeholders and customers alike are watching closely for what the future holds.
Central Coated Products, established in 1976 and located in Alliance, Ohio, has built a strong presence in the market as a provider of custom cut and coated wax paper. Their offerings target food processing, food service, and industrial applications, with a focus on creating production-friendly solutions that enhance operational efficiency. The company specializes in wax paper designed for automated production lines, which allows for the smooth separation of food items, grease-resistant options for retail settings, and anti-slip paper suitable for industrial handling.
Sun America, on the other hand, has made its mark since its inception in 1993, also in Alliance, Ohio. The company has become well-known for its innovation in the design and manufacturing of custom paper baking cups, which cater to high-speed production requirements for items like muffins and cupcakes. They also produce thermoformed plastic containers and trays suitable for streamlined automated packaging processes, showcasing a commitment to both quality and performance.
The merger will allow Central Coated and Sun America to continue their operations from their existing facilities without disruption to their current business models. This continuity is essential, as both companies can leverage their established workflows and loyal customer bases while benefiting from their combined strengths. The new entity, backed by MPE Partners, is poised to further enhance its product line by introducing novel and high-performing solutions tailored to food industry clients.
Leading the organization into this new chapter is Dave Furstoss, an industry veteran appointed as the Interim CEO and board member. Furstoss, who has a rich background in packaging, having previously served as the CEO of EasyPak, is expected to drive the companies towards growth and innovation. His extensive experience, including a notable tenure at Pactiv, a leader in fresh food and beverage packaging, positions him well to lead this merger successfully.
MPE Partners has consistently demonstrated its commitment to growing businesses within the lower middle market, focusing its investments on companies that show profitability potential and robust operational capabilities. With an investment philosophy that prioritizes partnership with entrepreneur-driven enterprises, MPE’s acquisition and merger endeavors are aimed at enhancing value and ensuring sustainable growth.
The advantages of this merger extend not only to the companies involved but also to the vast network of clients who depend on their products for reliable and innovative food packaging solutions. As MPE Partners plays a pivotal role in this transformation, there is much anticipation regarding how the synergy of Central Coated Products and Sun America will redefine the norms within the food packaging industry. The combined expertise and commitment to quality are expected to yield exciting developments and foster innovation that will address the evolving needs of food processors across various sectors.
In summary, this merger signifies a forward-thinking approach to food packaging, one that emphasizes both quality and innovation. MPE Partners, Central Coated Products, and Sun America are embarking on a promising journey together, with the potential to set new standards in an industry that continues to evolve rapidly. As the companies operate within their established frameworks while exploring new opportunities, stakeholders and customers alike are watching closely for what the future holds.
Topics Consumer Products & Retail）
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