Amspak Inc.

Great Focus Day with Amspak Inc.. They are on their way to becoming their best!

Since becoming a part of the FIP team this past spring, being a part of this process from start to finish was truly exciting. Excited to watch Amspak Inc. flourish in the years ahead! Congrats to the entire Foundation Investment Partners team! ??

We had a fantastic time celebrating our incredible Amspak team with a BBQ dinner! ???? From delicious food to great company, it was all about showing appreciation for the hard work and dedication everyone brings every day. Thank you for making Amspak a great place to work and grow! Here’s to more shared moments and continued success together!?

"Proud of the creativity and team spirit that make Amspak a unique place to work! Our costume contest brought out some amazing energy and camaraderie, reminding us that teamwork is the heart of everything we do here. Grateful for the people who bring both dedication and fun to the workplace!"

FIP acquires American Spool & Packaging Inc. October 15, 2024, Chagrin Falls, OH – Foundation Investment Partners (FIP) is pleased to announce the successful acquisition of American Spool & Packaging, Inc (Amspak). Located in Hartsville, South Carolina, Amspak’s primary business is converting sheets, and mill rolls into specialty packaging products. Their product line includes spiral paper tubes, folding paper cartons, paper spools and reels, sleeves and trays, die cut cards, sheeted papers and boards and slit papers. Amspak was founded by Larry Ridgeway in 1966 (deceased) and has remained in the family with Larry’s three children -Trey Ridgeway, Lynn Curry, and Tifini Stafford - continuing to lead the business. “We have always followed our father’s guidance when taking care of the customer. While it will be bittersweet for the family to exit the business, we are confident that FIP will be a great partner given their focus on reinvesting in their businesses and focus on employee well-being," said Tifini Stafford. "We are excited to welcome Amspak into the FIP family," said David Wood, Managing Member of Foundation Investment Partners. "The recycled paper packaging market is a strong segment. Both paper tubes and folding cartons serve a diverse customer base and the product line that they offer serves many markets. We are confident FIP can leverage its experience in the packaging space to create value in this partnership with Amspak". Under FIP's ownership, Amspak will continue operations with industry veteran David Partin acting as CEO. Partin, along with Michael Smith, Vice President of Sales and Marketing, will expand their roles within the company. Both have been with Amspak for over five years and bring a combined 47 years of experience from a major company in the paper tube market. “Getting to know the leadership team at FIP has been a pleasure; their focus on improvement and growth is evident. Our employees are our biggest asset, and we look forward to doing great things together,” said Partin. About Foundation Investment Partners Foundation Investment Partners is a private equity firm focused on building companies that account for the well-being of our people, recognizing that the cared for and empowered are more likely to outperform. FIP focuses on investing in niche manufacturers, high value-added distributors, outsourced business service providers, and niche software developers with EBITDA levels of $1 million to $10 million. FIP’s operating model focuses on embedding our team with the owners or operators of smaller businesses to provide the support, guidance, and resources necessary to grow the business. For more information, please visit www.foundationpartners.net .