Phoenix Wrappers announces Equity Investment from Vopne Capital
Manufacturer of stretch wrapping equipment merges its manufacturing and sales into one company, Phoenix Wrappers, providing industry-leading stretch wrapping machines and service
MONTREAL, Oct. 18, 2016 /PRNewswire/ -- Phoenix Wrappers today announced an equity investment in the company by Vopne Capital, a private investment firm based in San Francisco. Concurrent with Vopne's investment, the company merged its manufacturing, sales and support operations, formerly owned separately, into a new company – Phoenix Wrappers.
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. Graham stated: "Phoenix Wrappers has a history of manufacturing industry-leading stretch wrapping equipment known for its quality and innovation. We have formally combined manufacturing with our unparalleled customer service and support group. With manufacturing, sales and support under one roof, we are streamlining our internal processes to better serve our customers. 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."
"Phoenix Wrappers is a leader in manufacturing stretch wrapping machinery," added Jim Bloom, Managing Partner at Vopne who joins Phoenix Wrappers' Board of Directors. "The company has an exceptionally talented engineering and product development team, the highest-quality manufacturing processes, and an unyielding focus on service and support. We look forward to helping Phoenix Wrappers continue its expansion to new customers and new markets, while maintaining its excellence in product design, engineering, manufacturing quality and customer service."
Steve Taylor, VP of Sales for Phoenix Wrappers, added, "This marks an exciting new chapter for our company. We are pleased to have Vopne's support as we expand."
About Phoenix Wrappers
Founded in 1994 and headquartered outside Montreal, Quebec, Phoenix Wrappers designs and manufactures industry leading stretch wrapping machinery. Phoenix Wrappers had operated as a partnership between two separate companies, Phoenix-Innotech and CanAm Packaging Systems. The two companies merged this week to form Phoenix Wrappers, a fully integrated provider of stretch wrapping equipment, parts, service and support. With over 3,000 stretch wrapping machines deployed worldwide, Phoenix Wrappers delivers superior performance combined with unparalleled customer service. For more information, visit www.phoenixwrappers.com.
About Vopne Capital
Vopne Capital is a San Francisco Bay Area-based private equity firm investing in growing and profitable companies in the lower middle market. Vopne undertakes investments, recapitalizations and acquisitions of companies with experienced management teams, outstanding customer service and differentiated products. Vopne invests in a range of industries including: manufacturing, industrial and business services. For more information, visit www.vopne.com.
SOURCE Phoenix Wrappers
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