Atlas Holdings (Atlas), a well-regarded private equity firm, has announced the sale of NPX One, a leading U.S. manufacturer of polystyrene trays for fresh protein, to Breck Partners, an equity firm based in Dallas. The financial terms of the transaction have not been disclosed. NPX One, headquartered in Reading, PA, with additional operations in Indianapolis, IN, has been a staple in the food packaging industry for over five decades. The company was initially part of a 2015 acquisition by Atlas Holdings from Sealed Air Corporation, following which it underwent a rebranding and business reshaping process. The sale marks the culmination of a nearly decade-long evolution period during which the business grew significantly under Atlas’s stewardship. Sam Astor, a partner at Atlas Holdings, expressed optimism about NPX One’s future growth under new ownership.

Private Equity, Food Packaging,United States