Oracle Flexible Packaging Acquired by Investment Portfolio

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Oracle Flexible Packaging Inc. has been acquired by Centre Lane Partners, a private investment firm, which will add it to its existing portfolio company, LLFlex LLC. Earlier this year, Centre Lane obtained LLFLEX, a manufacturer of high-performance, metals-based laminates for packaging and industrial markets. “Both LLFLEX and Oracle have earned well-established reputations for providing innovative, high-quality products with outstanding seutstanding service to customers within their respective markets,” commented Nathan Richey, Managing Director at Centre Lane, in a press release. “We are excited to bring these businesses together to create a true market-leader in the development, production and supply of high-performance packaging and converted products.” “The addition of Oracle scores a significant win for existing customers served by both companies, providing new capabilities and an expanded array of product solutions with which to serve them,” commented Andy Starr, Vice President & General Manager at LLFLEX, in the release. “Oracle’s addition significantly expands our existing flexible packaging portfolio into several new and growing end-use segments, broadens our manufacturing capabilities and significantly enhances our new- product development capabilities.” “This acquisition represents a significant step forward for our customers, employees and vendor partners,” said Chris Payne, Vice President Sales & Marketing with Oracle, added in the statement. “Centre Lane’s strong financial backing will enable us to effectively manage the significant core-market growth we have been experiencing and further our development efforts for exciting new product platforms within those markets. Oracle has been providing innovative packaging solutions and services to our customers for over eight decades. Now, with the opportunity to leverage our collective knowledge and capabilities within a larger packaging organization, our ability to do so is significantly enhanced.”
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