Current Investments




SAGE Automotive Interiors, Inc., headquartered in Greenville, SC, is a leading designer and manufacturer of automotive body cloth - seating fabric, door panels, and headliners.  The Company serves major Original Equipment Manufacturers, such as GM, Toyota, Ford, Honda, Chrysler, Nissan, and Hyundai/Kia.  SAGE has a broad global presence with manufacturing assets located in five plants in North America (SC & GA) and one in Brazil, with additional contract manufacturing arrangements in Europe, Japan, and China.  In September 2009, Azalea partnered with management to purchase SAGE from Milliken & Co., where it was known as the Automotive Body Cloth Division.

 

Master Packaging, Inc., located in Tampa, FL, is a leading provider of flexographic printing, converting, and laminations for both the industrial and consumer packaging markets. Master produces high impact packaging for its customers with the state of the art equipment. Azalea partnered with existing management in August 2006 to recapitalize the business and provide the capital to support the continued growth plan.

 

Sunbelt Chemicals Corp. is a custom packager and distributor of both branded and private label chemicals for the consumer market and has operations in Florida and Texas. Company products include swimming pool chemicals, windshield washer fluid, cleaners, degreasers, and solvents. Sunbelt provides products on a just-in-time basis to major retailers, home improvement stores, swimming pool supply distributors, auto parts stores, and hardware supply distributors throughout the U.S. Azalea partnered with Mr. Michael L. Bailey, a thirty-year industry veteran, and existing management to recapitalize this business in May 2007.  

 

ETAK Systems, Inc. located in Charlotte, NC provides DC power installations, battery maintenance/testing, and engineering services to the wireless communications industry. Azalea partnered with existing management and Mr. Leon J. Hensen, a seasoned cellular industry executive, to recapitalize this business in December 2007.