Edgewater Growth Capital Partners IV, L.P. is pleased to announce that its newly formed portfolio company Advanced Converting Works Holdings, LLC (“ACW”) has recently completed the simultaneous acquisitions of Illinois-based packaging company Phoenix Converting, Inc. (“Phoenix”) and Wisconsin-based packaging company VPS Holdings, Inc. (“Valley”). ACW is led by Chris Wrobel, a highly accomplished senior executive who has extensive commercial, operational and acquisition experience within the packaging industry.

Phoenix operates as a specialty converter of pouch packaging primarily used in medical and food applications. The company has established a strong niche in the paper-poly/foil-poly substrate for medical applications and possesses upstream capacities in film conversion (printing, coating, laminating and slitting). Valley also operates as a specialty converter of plastic pouch packaging, differentiating through technical and production capabilities in complex formats such as box-pouch, spouted pouches and custom-shaped packaging.

ACW is targeting additional acquisitions of packaging companies with a focus on pouch conversion services that can broaden its capabilities and end markets.