Frost Bank and Frost Brokerage Services, Inc. v. Sturdi Packaging, Inc.; Sturdi Frost, L.P., as Successor in Interest to Sturdi Packaging, Inc.; And Chemcraft (Pty) Ltd.

Court of Appeals of Texas·Decided March 6, 2025·No. 02-23-00383-CV·Published

Opinion

In the Court of Appeals Second Appellate District of Texas at Fort Worth ___________________________ No. 02-23-00383-CV ___________________________

FROST BANK AND FROST BROKERAGE SERVICES, INC., Appellants

V.

STURDI PACKAGING, INC.; STURDI FOREST, L.P., AS SUCCESSOR IN INTEREST TO STURDI PACKAGING, INC.; AND CHEMCRAFT (PTY) LTD., Appellees

On Appeal from the 96th District Court Tarrant County, Texas Trial Court No. 096-340969-23

Before Kerr, Womack, and Walker, JJ. Memorandum Opinion by Justice Walker MEMORANDUM OPINION

This is an interlocutory appeal from an order denying arbitration in a lawsuit

that arose from a dispute regarding the ownership of Sturdi Packaging, Inc. and its

accounts with Frost Bank and Frost Brokerage Services, Inc. (collectively, Frost).

After receiving competing claims from Craig McAlpine and Chemcraft (Pty)

Ltd. regarding Sturdi’s ownership, Frost froze Sturdi’s accounts and declared that they

would “remain frozen until Frost receive[d] a court order” resolving the dispute or the

parties reached an agreement regarding the accounts’ ownership. In an effort to

resolve the dispute to Frost’s satisfaction, Sturdi and its successor in interest, Sturdi

Forest, L.P. (collectively, the Sturdi Appellees), sued Chemcraft.1 Although the Sturdi

Appellees’ original petition did not assert any substantive claims against Frost, it

named both Frost Bank and Frost Brokerage as defendants “in rem only.” Chemcraft,

acting both on its own behalf and derivatively on behalf of Sturdi, filed counterclaims

against Sturdi Forest and third-party claims against Craig.

After a successful mediation, the Sturdi Appellees, Chemcraft, and Craig

announced that they had reached a confidential settlement agreement. But this

settlement agreement did not end the litigation; it merely shifted its focus. Frost

learned that, despite the settlement, the Sturdi Appellees did not intend to seek the

dismissal of the entire lawsuit; rather, they planned to assert substantive claims against

The Sturdi Appellees’ lawsuit also included claims against Bernard Herbert, 1

whose role in the ownership dispute will be discussed below.

2 Frost. As a result, Frost anticipatorily filed a motion to compel arbitration and,

subject thereto, an original counterclaim and crossclaim for declaratory relief. Then,

as Frost had anticipated, the Sturdi Appellees amended their petition to assert claims

against Frost. They later amended it again to assert new claims against Chemcraft for

breach of the settlement agreement and fraud.

After a hearing, the trial court signed an order denying Frost’s motion to

compel arbitration of (1) the Sturdi Appellees’ claims against Frost and (2) Frost’s

claims against the Sturdi Appellees and Chemcraft. Because the arbitration provision

at issue covers all of these claims and parties and because Frost has not waived the

right to compel arbitration, we will reverse the trial court’s order.

I. BACKGROUND

Chemcraft is a privately owned South African packaging and manufacturing

company that was founded by Gilroy McAlpine, Craig’s uncle.2 In 2006, Chemcraft

was authorized to expand its packaging business into the United States by becoming

the owner of the soon-to-be formed Sturdi. In 2007, Sturdi was incorporated in

Florida. Chemcraft invested $3.5 million in exchange for a 100-percent equity stake in

the new company and loaned it an additional $5.2 million to fund its operations.

Gilroy established Chemcraft in 1973 and served as its sole owner until 1995, 2

when he transferred his ownership interest to a family trust that he had established for the benefit of his adopted children. He continued to serve as one of Chemcraft’s two directors until his death in 2021.

3 Less than a year after its formation, Sturdi sought to move its business

operations to Texas, and in May 2008, it filed an application to register as a foreign

for-profit corporation with the Texas Secretary of State. This application listed Craig

as Sturdi’s president and registered agent.

Around this same time, Sturdi opened a commercial bank account with Frost

Bank. This account is governed by a deposit account agreement (DAA) that contains

an arbitration clause.

In 2015, Craig and Gilroy—on Sturdi’s behalf—signed an application for a

brokerage account with Frost Brokerage. Craig was named as the primary individual

associated with the account, and Gilroy was named as an additional account holder.

Chemcraft was listed as an “affiliated business.” As part of this application, Craig and

Gilroy acknowledged that the brokerage account—like the commercial account—was

governed by a customer agreement (the BAA) that contained an arbitration clause.

In 2021, Gilroy died. Shortly thereafter, Bernard Herbert, the executor of

Gilroy’s estate and the trustee of the family trust that owned Chemcraft, began an

audit and investigation into Gilroy’s assets. As part of this process, Herbert asked

Frost to provide him with a statement for Sturdi’s brokerage account. Because Craig

was the only authorized person on the account, Frost declined Herbert’s request.

Relying on a stock certificate dated March 2007, Herbert maintained that

Chemcraft owned all of Sturdi’s stock, and he continued to seek access to Sturdi’s

accounts at Frost on that basis. But Craig claimed that he had purchased these shares

4 from Chemcraft in December 2011. Although Craig produced a fully executed Share

Transfer Agreement, Herbert and Chemcraft denied that the stock purchase ever

actually occurred.3

Throughout 2022, both Herbert and Craig attempted to assert control over

Sturdi. In June 2022, Craig converted Sturdi, a Florida C-corporation, into Sturdi

Forest, a Texas limited partnership.4 Meanwhile, Herbert filed documents with the

Florida Secretary of State listing him and his business partner as Sturdi’s directors.

During this time, Herbert continued to communicate with Frost in an effort to gain

access to Sturdi’s accounts, and he eventually set up a meeting at which he produced

the 2007 stock certificate identifying Chemcraft as Sturdi’s sole shareholder.

In February 2023, faced with Craig’s and Chemcraft’s competing ownership

claims, Frost froze Sturdi’s deposit and brokerage accounts. Its business operations

3 In its pleadings, Chemcraft identified a number of factors that called the Share Transfer Agreement’s legitimacy into question. For example, it pointed out that the Share Transfer Agreement was inconsistent with Sturdi’s tax returns and Chemcraft’s financial statements, both of which reflected Chemcraft as Sturdi’s beneficial owner after 2011. Chemcraft further noted that the Share Transfer Agreement reflected that Gilroy was Chemcraft’s “owner” even though Gilroy had transferred ownership of Chemcraft to a family trust well before the Share Transfer Agreement had purportedly been executed. 4 According to the Sturdi Appellees, Sturdi elected to convert to a limited partnership “[t]o take advantage of more favorable tax treatment” and decided that the conversion should occur in Texas because that was where it conducted its business operations. But Chemcraft and Herbert deny the validity of this conversion and contend that it was part of Craig’s “[f]raudulent [s]cheme” to obtain exclusive control over Sturdi to the exclusion of its sole shareholder—Chemcraft.

5 having been disrupted by the account freeze, Sturdi engaged counsel to help it regain

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Frost Bank and Frost Brokerage Services, Inc. v. Sturdi Packaging, Inc.; Sturdi Frost, L.P., as Successor in Interest to Sturdi Packaging, Inc.; And Chemcraft (Pty) Ltd., (Tex. Ct. App. 2025).

Frost Bank and Frost Brokerage Services, Inc. v. Sturdi Packaging, Inc.; Sturdi Frost, L.P., as Successor in Interest to Sturdi Packaging, Inc.; And Chemcraft (Pty) Ltd. (Frost Bank and Frost Brokerage Services, Inc. v. Sturdi Packaging, Inc.; Sturdi Frost, L.P., as Successor in Interest to Sturdi Packaging, Inc.; And Chemcraft (Pty) Ltd.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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