January 13, 2014: Azalea Capital Sells Star Packaging Corp.

January 13, 2014: Azalea Capital is pleased to announce the sale of Star Packaging Corp. to Interflex Group, a leader in specialty flexible packaging serving the fresh food, packaged food, confectionary, pet product, and industrial product markets. Star Packaging, based in Atlanta, GA, specializes in printing, laminating, and conversion of flexible packaging materials.

Gary McDaniel, Chairman of Star Packaging Corp., stated "Everyone at Star genuinely appreciates the support and guidance provided by the team at Azalea Capital.  Over the years Azalea has proven they are a business partner with staying power and exhibited a willingness to engage on both the operational and strategic issues to drive our business forward.  We are very excited about the new relationship with Interflex, which we believe will provide Star with additional resources to serve our valued customers."

Star Packaging Corp. was formed through a combination of Master Packaging (Tampa, FL) and Star Packaging (Atlanta, GA). Star offers value-added products including traditional printed rollstock and laminations, stand-up pouches, rollstock with transverse-direction zippers and custom-designed high-performance laminations to replace rigid alternatives. This diverse product mix serves the pet food and treat, fresh produce, food and beverage, snack, confectionery, bakery, pool chemical, military packaging, personal care, and lawn and garden markets.

For questions or more information about Azalea Capital, please visit our website at www.azaleacapital.com or contact Pat Duncan.