Emerald Lake Capital Management exits Inno-Pak, a designer, manufacturer, importer and supplier of eco-friendly packaging for prepared and takeout foods. Inno-Pak was acquired by Handgards, a Wynnchurch Capital portfolio company.
Over the course of Emerald Lake’s 5-year investment, Inno-Pak strengthened its leadership team, built out its sales organization, more than doubled its patent portfolio, greenfielded its first scaled domestic production facility and opened an additional distribution center, and completed three strategic acquisitions to expand its product offerings, geographic presence, and manufacturing capacity. GroveStreet co-invested in Inno-Pak when Emerald Lake acquired the Company as an independent sponsor in February 2020. Read more about the deal here
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