Phoenix Converting, Inc. has voluntarily filed for Chapter 11 bankruptcy. The Itasca, Illinois-based company operates as a flexible packaging manufacturer. Court records show that six affiliated entities also filed separate Chapter 11 petitions as part of the company’s restructuring proceedings.
Overview of the Filing
Phoenix Converting, Inc. submitted its petition on July 20, 2026. Company CEO Steven Boyer signed the petition before it was filed. Case records on PACER further show that attorney Adam P. Silverman of Adelman & Gettleman, Ltd. is the legal counsel for the company.
According to Pacermonitor, six affiliated entities also filed separate petitions in the U.S. Bankruptcy Court for the Northern District of Illinois.
- ACW Flex Pack Management, Inc.
- ACW Flex Pack, LLC
- Advanced Converting Works Holdings, LLC
- Advanced Converting Works, Inc.
- PCG/SPT Holdings, Inc.
- Valley Packaging Supply Co., Inc.
A summary of the Chapter 11 petition is shared here:
- Filing Date: July 20, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Northern District of Illinois
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 26-11935
- Estimated Assets: Between $10,000,001 and $50 million
- Estimated Liabilities: Between $10,000,001 and $50 million
- Estimated Creditors: 100-199
- Reason for Filing: Reorganize finances under court supervision
About Phoenix Converting, Inc.
Phoenix Converting, Inc. was founded in 2006 and initially focused on medical packaging. The company grew its manufacturing offerings through additional slitting, laminating, and converting operations. Over the years, the company became part of Advanced Converting Works (ACW), a group of flexible packaging manufacturers serving customers across North America.
According to the company website, Advanced Converting Works rebranded as Flex Pack in 2024, bringing its portfolio of packaging companies together under a single brand.
Flex Pack currently manufactures custom flexible packaging, which includes bags and pouches. The company also provides package development, printing, and production services for customers across industries. These include food and beverage, medical, nutraceutical, pet food, household and personal care, and industrial markets.
Recent Filings by Other Regional Packaging Manufacturers
According to Earth911, the plastic packaging industry is facing strict regulations as 12 U.S. states have banned single-use plastic bags. Seven states have also implemented the Extended Producer Responsibility (EPR) laws, which requires manufacturers to finance the collection and recycling of packaging waste.
The packaging industry continues to face evolving regulatory requirements. Packaging Dive, Illinois prohibited the sale or distribution of food packaging containing intentionally added PFAS beginning Jan. 1, 2026. Several other states have also introduced new restrictions on plastic packaging and expanded producer responsibility programs, reflecting a broader push toward more sustainable packaging practices.
These updates have increased compliance obligations and operating costs for plastic packaging manufacturers, adding to the financial pressures facing the industry.
Lithotype Company Inc. commenced bankruptcy proceedings on February 6, 2026, amid a financial gap. Case records showed that the Illinois-based packaging printing company owed up to 199 creditors. The 1963-launched company mainly supplies printed roll stock and stand-up pouches in the Midwest.
Multi-Color Corporation (MCC) made a Chapter 11 filing on January 29, 2026. The petition showed that the century-old packaging company had entered into a restructuring agreement with majority secured lenders. The company manufactures a range of products, including pressure-sensitive labels, packaging materials, and in-mold labels.
As Phoenix Converting, Inc. and its affiliates navigate bankruptcy, the upcoming proceedings are expected to shape its future financial footing amid industry challenges.
