Core Viewpoint - Foundation Investment Partners (FIP) has acquired Paper Converters, a South Carolina-based company specializing in biodegradable and recyclable paper products, through its platform company Sustainable Packaging. The financial terms of the acquisition remain undisclosed [1]. Group 1: Company Overview - Paper Converters, established in 2002, produces spiral wound paper tubes, edge board, and sheeting, primarily serving the Southeastern US textile sector [1]. - The company aims to become a leading value provider of paper packaging in the region, with former owners Kline Smyly and Tanya Barnes continuing to guide its objectives [2]. Group 2: Strategic Goals and Collaborations - The acquisition is expected to enhance collaboration with Amspak, a company previously acquired by FIP, focusing on complementary markets and product categories [2]. - FIP's managing member, David Wood, emphasized the growth potential of Paper Converters, highlighting the industry's strengths in versatility, sustainability, and customization, which support eco-friendly solutions [3]. Group 3: Leadership and Vision - Sustainable Packaging CEO David Partin expressed enthusiasm for developing centers of excellence in the facilities to increase customer value [3]. - The partnership with FIP is seen as a strategic alignment in customer service and value, aiming to foster a positive work environment [2].