Pregis makes protective acquisition
By Canadian Packaging StaffGeneral acquisition Inter-Pac polyethylene Pregis Corp. sheet foam
Pregis acquires PE sheet foam manufacturer Inter-Pac.
Pregis Corp., a leading supplier of protective packaging solutions, has acquired Inter-Pac, Inc., based in Tupelo, Miss., for an undisclosed amount. The acquisition will make Pregis the largest producer of polyethylene sheet foam in the United States.
Founded in 1960, Inter-Pac is one of the first protective packaging products manufacturers in the U.S.
“We are pleased to add Inter-Pac’s Tupelo facility to Pregis’ manufacturing footprint. Its geographic location will be an asset in servicing the protective packaging needs of our East Coast customers. This investment is the latest example of our commitment to our growth strategy,” says Pregis president and chief executive officer Kevin Baudhuin.
Pregis will continue to operate Inter-Pac’s 180,000-square-foot Tupelo manufacturing facility, with its 25 employees joining Pregis’ 2,000-member worldwide team.
“We believe that this transaction will benefit our customers across all segments and channels. This includes markets such as furniture, housewares, electronics, automotive, industrial and recreational products. We will also be able to bring a much wider product portfolio to Inter-Pac’s existing customers,” states Baudhuin.
Pregis currently operates 25 facilities in 10 countries in North America and Europe. For more information, visit www.pregis.com.
For more on Inter-Pac, visit www.inter-pac.com.