Texas company purchases NPX One

Texas-based Breck Partners, a private equity firm, recently acquires ownership interests in Reading-based NPX One, a food packaging manufacturer.

“We are pleased and excited for our new partnership with the Breck team,” Rudy Cuellar, NPX One CEO, said. “This new partnership will help position us for continued innovation in our products and services as we continually seek to serve our employees, customers and supply chain partners even better. NPX One and Breck share a strategic vision for growth that will truly enhance our presence in the food packaging marketplace.”

“Rudy and the leadership team at NPX One have built a solid operating business that provides exceptional value to their broad base of outstanding customers,” Brian Steinbrueck, Breck Partners partner, said. “The company is at a compelling inflection point with many great operational and strategic opportunities ahead, which is exactly where Breck seeks to invest and support our leaders in their journey. We are excited to partner with the team to continue building a leading food packaging platform.”

NPX One operates a manufacturing facility in Reading and one in Indiana. It manufactures foam trays for food processors, distributors, and supermarkets.

Breck Partners invests in industrial market businesses that are performing or growing below potential, in an out-of-favor industry, have an incomplete management team, or undergo a complex situation.