Materials / Supply Side

Olympus Partners moves to acquire Pregis Corp. North America

Private equity firm Olympus Partners (olympuspartners.com), Stamford, CT, has agreed to acquire Pregis Corporation North America (pregis.com), a protective packaging materials and systems manufacturer, for an undisclosed amount. The transaction is expected to be completed by the end of May.

“Olympus Partners looks for enterprises that have established a leading market position and have a strong management team. We believe that such companies will enjoy greater long term value creation and generate superior investment returns. Pregis meets those criteria and we are pleased to add the company to our diverse investment portfolio,” says Manu Bettegowda, partner. “Pregis is well positioned for growth with innovative solutions, expanding markets and solid channel partnerships.

Pregis’ current management team, led by Kevin Baudhuin, president and chief executive officer, will continue under Olympus ownership. The company has been owned by private equity firm AEA Investors LLC since 2005. Under its ownership, investments were made via acquisitions (Surface Guard and IntelliPack), as well as in technology development, including a variety of protective packaging systems and material launches.

“Over the past decade,Pregis has established a strong track record of growing its business through product development, market diversification and acquisition. Olympus Partners will continue supporting that growth by investing significant capital in the business. This will help accelerate our strategic and innovation vision,” says Baudhuin.

In North America, Pregis operates 14 facilities producing a variety of protective packaging products and value added system solutions. Pregis partners with industrial and packaging distributors, fabricators and specialty suppliers to deliver customer-driven solutions to a wide variety of end use markets. 

Did you enjoy this article? Click here to subscribe to Food and Beverage Packaging

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 Beverage Breakthroughs of the Year

Beverage packaging innovations huff, puff and blow traditional packaging down.

Food and Beverage Packaging

FBP October 2014 cover

2014 October

Check out the October 2014 issue of Food & Beverage Packaging, with a special PACK EXPO preview, and much more!

Table Of Contents Subscribe

Packaging Innovation

Which segment do you see the most innovation in packaging?
View Results Poll Archive

The Food and Beverage Packaging Store

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\FBP\modified-atmosphere.gif
Modified Atmosphere and Active Packaging Technologies

Many factors are relevant in making the proper choice of food packaging material, including those related to shelf life and biodegradability.

More Products

FBP Buyer's Guide

2013 FBP Buyers Guide

 

 

Food and Beverage Packaging's Buyer's Guide provides a list of suppliers of food and beverage packaging solutions. 

STAY CONNECTED

 Facebook iconTwitter iconYoutube icon LinkedIn icong+icon

Clear Seas Research

CS-OflRGBhomepage.jpgWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.