Investment firm HIG buys, combines two California packaging makers Print Private equity firm HIG Capital is acquiring Action Point Inc. and Signature Flexible Packaging Inc. and combining them into a single company making flexible food and consumer packaging. The combination of Los Angeles-based Action Point and Signature of Carson, Calif., provides small and midsized consumer packaged goods customers with a one-stop solution for flexible packaging needs — across snacks, meats, candies and baked goods, officials with Miami-based HIG said in a Jan. 5 news release. Products made by Action and Signature include rollstock, pouches and bags. The combined firm operates three California plants — in Carson, City of Industry and Commerce — that provide "consistent quality, unrivaled lead times and a high-touch service model which supports low minimum order quantities," they added.