Breck Partners, a Dallas-based private equity firm, has purchased NPX One, a manufacturer and supplier of polystyrene trays for fresh protein in the U.S., from Atlas Holdings.
Headquartered in Reading, Pa., with additional operations in Indianapolis, Ind., NPX One manufactures packaging services that deliver food safety properties and maximize the shelf life of perishable fresh protein. The company has manufactured food trays for more than 50 years. Atlas acquired the assets which comprise NPX One with its purchase of the North American Foam Trays and Absorbent Pads (TAP) businesses of Sealed Air Corporation (NYSE: SEE) in 2015, which was renamed Novipax. Following the sale of the absorbent pads business in 2020, Atlas rebranded the tray business as NPX One.