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Brynwood
Partners Acquires
Uniflex Holdings
December
21, 2004
Hicksville , NY – December
21, 2004 – Brynwood
Partners announced
today the acquisition
of Uniflex Holdings.
Brynwood’s acquisition
of Uniflex was made
official through a
court order from the
United States Bankruptcy
Court.
About Uniflex
Founded in 1963,
Uniflex is an industry
leader in the design,
manufacture, and marketing
of customized plastic
and paper bags as well
as plastic packaging,
medical and security
products. Customers
using Uniflex’s
products include Fortune
500 companies, major
retailers, hospitals
and medical laboratories.
The company is based
in Hicksville, New
York with manufacturing
facilities located
in Westbury, New York.
Henk Hartong III,
Managing Partner of
Brynwood said, “We
are very excited about
the acquisition of
Uniflex. Brynwood will
capitalize the new
Uniflex as a debt free
company and infuse
additional cash to
reestablish key vendor
relationships and make
capital improvements
to the Westbury manufacturing
facility.”
Simultaneously, Brynwood
has appointed Vince
Schaller as the new
President and CEO of
Uniflex. Mr. Schaller
brings over 20 years
of experience in the
commercial printing
industry including
an extensive background
in sales and marketing
as well as proven experience
in the role of President
and CEO. Prior to joining
Uniflex Mr. Schaller
was with Cenveo, the
6th largest printer
in North Americas as
a Senior Vice President
of the Western Region
that consisted of 16
manufacturing facilities
with revenues of $500
million.
Vince Schaller, the
new President and CEO
of Uniflex said “This
is a tremendous opportunity
for Uniflex, our customers
and the employees.
Brynwood’s acquisition
will provide Uniflex
with the resources
and proven experience
needed to return the
company to its traditional
leadership position
in the industry. Our
initial focus will
be to strengthen customer
relationships, upgrade
production capabilities
and to further insure
reliable service and
execution.”
About Brynwood
Partners
Founded in 1984,
Brynwood Partners is
a private equity fund
which invests in lower
middle market companies
over a long-tern horizon
targeting consumer
products, light industrial
manufacturing, specialty
retailing and business
services. The principals
of Brynwood had made
investments in 17 portfolio
companies and have
successfully partnered
with management and
owners who want to
continue to run their
businesses but need
the financial and operating
partner support Brynwood
uniquely provides.
For more information
on Uniflex, please
visit http://www.uniflexbags.com
For more information
on Brynwood Partners,
please visit http://www.brynwoodpartners.com
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