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Frisco, TX – July 21, 2005 - The
Blackard Group, Inc. announced
today the expansion of its corporate holdings with the
acquisition of the business
operations of Palm Beach Capital Partners’ Flexible Packaging
Division of St. Louis, MO.
Flexible
packaging is an essential part of daily routine in today’s
on-the-go, fast paced, and spaced oriented society. Snack foods
and candy bars settle into backpacks, brief cases and lunch
boxes with energy bars and supplements a requisite in most gym
bags. FlexPac is the printer/converter of the flexible
packaging films and substrates that form the bags, packets,
pouches and wrappers utilized in ever increasing numbers in
households across the nation.
“FlexPac offers the marketplace
alternative to rigid packaging,” maintains Executive
Vice-President Michael Nixon. “Consumer’s lifestyle and
activities are driving market trends for longer shelf-life,
convenience, and space savings. We plan to expand that niche.”
FlexPac is capable of up to 8-color
printing on the plant’s narrow web-fed flexographic presses.
The Company has the capability to print on a wide variety of
flexible raw materials, including laminated paper, metallized
polyester and others. In most cases, FlexPac ships the
printed rolls to co-packers that convert the rolls into the
flexible bags and pouches familiar to the public.
The Blackard
Group’s business operations based in Frisco, Texas will maintain
FlexPac’s manufacturing facility in St. Louis, Missouri
and establish their sales office in Galveston, Texas. “FlexPac’s
primary focus has been in Nutraceuticals; lifestyle nutrition
and supplements. But look for FlexPac to launch into the
printing of pharmaceutical and food packaging,” asserts Jack
Thrasher, Director of Sales.
The Blackard
Group expects to break new ground in the flexible
packaging industry, building a strong reputation in the
industry with innovative packaging technology and emerging
markets; definitely new territory to develop for this
diversified investment company.
The Blackard
Group, Inc., formed by Dallas real estate developer Jeffory D.
Blackard, represents a diversified real estate development
company specializing in master-planned communities. Mr.
Blackard through various development partnerships has developed
over 10,000 single family lots and multi-family, recreational
and commercial projects throughout the United States.
Additionally, the Blackard Group has made significant
investments in a variety of manufacturing and technology
companies.
Headquartered
in Palm Beach Florida, Palm Beach Capital Partners, LLC is a
private equity investment firm which specializes in making
investments in “small market” private companies, with a
geographic focus in South Florida. PBCP believes superior
investments and returns can be achieved by focusing on “small
market” private companies in high growth geographic markets.
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