Tracked deals
34
34 tracked deals across 2023.
Packaging Add-on Acquisitions in 2023
Buyer mix
Mixed buyer set
32 strategic · 24 pe
Top trend
Volume peaked in 2022
61 tracked deals announced in 2022.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Kelso & Company | 4 | Private equity firm that backs middle-market platform inv... | PE |
| Flexpak, LLC | 3 | Value-added distributor and supplier of packaging supplie... | Strategic (PE-backed) |
| Imperial Dade | 3 | Leading independent distributor of foodservice packaging,... | Strategic |
| Novvia Group | 3 | National rigid container and life‑sciences packaging dist... | Strategic (PE-backed) |
| Resource Label Group, LLC | 3 | Full-service provider of label and packaging solutions (p... | Strategic (PE-backed) |
| Shorehill Capital LLC | 3 | Chicago-based private equity firm focused on control equi... | PE |
| All4Labels Global Packaging Group | 2 | Global manufacturer of labels and packaging solutions, pi... | Strategic (PE-backed) |
| Altamont Capital Partners | 2 | Private equity firm focused on control investments in low... | PE |
| Envoy Solutions | 2 | Specialized distributor and solution provider in janitori... | Strategic (PE-backed) |
| Specialized Packaging Group | 2 | Vertically integrated provider of protective and engineer... | Strategic (PE-backed) |
Acquisition Volume in Packaging Add-on in 2023 by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Specialized Packaging Group, Altamont Capital Partners
- Target
- Complete Packaging
- Seller
- Spell Family Office, Spell Capital Partners
- Industry
- Packaging
- Location
- Michigan, United States
- Type
- Addon
Specialized Packaging Group (SPG), a portfolio company of Altamont Capital Partners, acquired Monroe, Michigan-based Complete Packaging from the Spell Family Office in late 2023. The add-on purchase expands SPG’s engineered/protective packaging capabilities and Midwest footprint while adding roughly 90 employees to SPG’s ~1,600-person workforce.
-
December 20, 2023
- Buyer
- Novvia Group, Kelso & Company
- Target
- JWJ Packaging LLC
- Seller
- William Guttridge Jr.
- Industry
- Packaging
- Location
- New Jersey, United States
- Type
- Addon
Novvia Group, a national rigid container and life-sciences packaging distributor backed by Kelso & Company, has acquired JWJ Packaging LLC, a Millstone Township, New Jersey-based supplier of drums, pails and other rigid containers. Financial terms were not disclosed; JWJ will be combined with Novvia's existing New Jersey subsidiary, Rahway Steel Drum, as part of Novvia's Northeast U.S. expansion.
-
December 4, 2023
- Buyer
- Novvia Group, Kelso & Company
- Target
- Ocean State Packaging, Inc.
- Industry
- Packaging
- Location
- Rhode Island, United States
- Type
- Addon
Novvia Group, a national rigid container and life sciences packaging platform backed by Kelso & Company, has acquired Ocean State Packaging, a Rhode Island supplier of plastic bottles, caps and value‑added decoration services. The deal expands Novvia's footprint into New England and supports the platform's Northeast growth strategy; financial terms were not disclosed.
-
November 29, 2023
- Buyer
- Inno-Pak LLC, Emerald Lake Capital Management
- Target
- Albany Packaging Inc.
- Seller
- Stan Engelberg
- Industry
- Packaging
- Location
- Ontario, Canada
- Type
- Addon
Inno-Pak LLC, a portfolio company of Emerald Lake Capital Management, has acquired Albany Packaging Inc., a Canadian manufacturer of folding paperboard cartons. The deal (terms not disclosed) expands Inno-Pak's North American manufacturing footprint and paperboard capacity, strengthening its capabilities in foodservice, grocery and convenience-store packaging.
-
November 16, 2023
- Buyer
- Resource Label Group, LLC, Ares Management Corporation
- Target
- Coast Label Company
- Industry
- Packaging
- Location
- California, United States
- Type
- Addon
Resource Label Group (RLG), a portfolio company of Ares Management, has acquired Coast Label Company, a Fountain Valley, California-based label manufacturer. The deal is an add-on acquisition to RLG’s platform, expanding its West Coast manufacturing footprint and capabilities in pressure-sensitive, medical device and industrial label solutions.
-
November 8, 2023
- Buyer
- CORE Industrial Partners
- Target
- General Converting
- Industry
- Packaging
- Location
- Illinois, United States
- Type
- Addon
CORE Industrial Partners has completed the acquisition of General Converting, a Bolingbrook, Illinois-based folding carton manufacturer serving food, confectionery and consumer brands. The deal combines General Converting with CORE's recent investment in Century Box to form a new folding carton platform that expands geographic reach, capabilities and customer exposure across attractive end markets.
-
September 12, 2023
- Buyer
- Flexpak, LLC, Shorehill Capital LLC
- Target
- Katzke Packaging Co. & Packaging Converting
- Industry
- Packaging
- Location
- Colorado, United States
- Type
- Addon
Flexpak, a Shorehill Capital-backed packaging distributor, acquired Katzke Packaging Co. and Packaging Converting in Aurora, Colorado, effective September 1, 2023. The add-on expands Flexpak's Colorado footprint and combines Katzke with Flexpak's prior Preferred Packaging acquisition to create a stronger regional packaging platform.
-
September 7, 2023
- Buyer
- Specialized Packaging Group, Altamont Capital Partners
- Target
- Protective Packaging Solutions
- Industry
- Packaging
- Location
- Colorado, United States
- Type
- Addon
Specialized Packaging Group (a portfolio company of Altamont Capital Partners) has acquired Protective Packaging Solutions (PPS), a custom designer and fabricator of engineered protective packaging based in Aurora, Colorado. The acquisition expands SPG's engineered packaging capabilities and geographic reach, adding approximately 90 employees to SPG's ~1,600-person workforce; Monroe Capital provided a senior credit facility to support the transaction.
-
September 7, 2023
- Buyer
- ShawKwei & Partners, ICONS Beauty Group
- Target
- CTL Packaging USA, Inc.
- Seller
- Kaizaharra Corporación Empresarial (KCE)
- Industry
- Packaging
- Location
- North Carolina, United States
- Type
- Addon
ShawKwei & Partners has acquired 100% of CTL Packaging USA, Inc. from Kaizaharra Corporación Empresarial (KCE) and will merge CTL into its portfolio company ICONS Beauty Group. The acquisition adds a U.S.-based plastic tube manufacturing capability (Charlotte, North Carolina) to ICONS' global beauty and health packaging platform to provide onshore production and broaden decorative and luxury finishing capabilities.
-
August 28, 2023
- Buyer
- 360Pack, Shore Capital Partners
- Target
- Team Packaging Inc.
- Industry
- Packaging
- Location
- Colorado, United States
- Type
- Addon
360Pack, a Shore Capital Partners–backed packaging distribution platform, has acquired Team Packaging Inc., a custom packaging solutions provider based in Aurora, Colorado. The transaction is 360Pack's third add-on and expands the platform's footprint and capabilities across the Western United States, strengthening service offerings for food production, meat processors, and retail grocery customers.
-
July 7, 2023
- Buyer
- Imperial Dade
- Target
- Atlantis Packaging
- Seller
- Eric Rodriguez / Rodriguez family
- Industry
- Packaging
- Location
- California, United States
- Type
- Addon
Imperial Dade has acquired Atlantis Packaging, a family-owned distributor of industrial and packaging products based in Chino, California. The acquisition expands Imperial Dade's scale and presence in Southern California and broadens its product offering to Atlantis customers across North America; financial terms were not disclosed.
-
June 23, 2023
- Buyer
- PaperWorks Industries Inc., Gamut Capital Management
- Target
- The Standard Group
- Industry
- Packaging
- Location
- Kentucky, United States
- Type
- Addon
PaperWorks Industries Inc. has completed the acquisition of The Standard Group, a custom printed paperboard packaging converter with a manufacturing facility in Louisville, Kentucky. The deal adds ~120 employees and expands PaperWorks' integrated folding carton footprint and vertical integration across North America; PaperWorks is PE-backed (Gamut Capital Management).
-
- Buyer
- All4Labels Global Packaging Group
- Target
- Springfield Solutions
- Industry
- Packaging
- Location
- East Riding of Yorkshire, United Kingdom
- Type
- Addon
All4Labels Global Packaging Group (a Triton-backed packaging platform) has acquired Springfield Solutions, a UK-based digital packaging and self-adhesive label specialist. Springfield — which employs about 100 people and will remain under its existing management — will become a subsidiary of the All4Labels Group; terms were not disclosed.
-
- Buyer
- Resource Label Group, LLC, Ares Management Corporation
- Target
- Pharmaceutic Litho and Label Company
- Industry
- Packaging
- Location
- California, United States
- Type
- Addon
Resource Label Group (RLG), a portfolio company of Ares Management, has acquired Pharmaceutic Litho and Label Company (PLLC), a manufacturer of printed inserts, labels and packaging components with locations in Simi Valley, California and Winston-Salem, North Carolina. PLLC will combine with RLG's recently acquired MedLit Solutions to expand and strengthen RLG's national pharmaceutical and healthcare packaging capabilities.
-
June 8, 2023
- Buyer
- Ryeco, LLC, Bellview Capital Partners LLC
- Target
- Sandar Industries, Inc.
- Seller
- Peter Rodriguez, Jason Rodriguez
- Industry
- Packaging
- Location
- Florida, United States
- Type
- Addon
Ryeco, LLC — a Cartersville, Georgia-based manufacturer backed by family office Bellview Capital Partners — has acquired Sandar Industries, Inc., a turn-up systems, adhesive tape and packaging solutions maker based in Atlantic Beach, Florida. The add-on expands Ryeco's product portfolio and paper & packaging footprint to better serve its global customer base; terms were not disclosed.
-
- Buyer
- Novvia Group, Kelso & Company
- Target
- Northern Container
- Industry
- Packaging
- Location
- Illinois, United States
- Type
- Addon
Novvia Group, a Kelso & Company-backed national rigid container and life sciences packaging distributor based in St. Louis, acquired Northern Container, a rigid packaging distributor operating a 35,000 sq. ft. facility in Alsip, Illinois. Financial terms were not disclosed; the deal expands Novvia's Midwest footprint and augments its product and service capabilities (next-day delivery, steel/plastic pails, paint cans, bottles and jars).
-
May 10, 2023
- Buyer
- Voyant Beauty, Wind Point Partners
- Target
- Jade Road Design and Sourcing
- Industry
- Packaging
- Location
- Connecticut, United States
- Type
- Addon
Voyant Beauty, a portfolio company of Wind Point Partners, has acquired Jade Road Design and Sourcing, a turnkey supply-chain and packaging solutions provider for the fragrance industry. The add-on expands Voyant's fragrance packaging, sourcing, design and engineering capabilities and is the fourth acquisition for Voyant under Wind Point's ownership.
-
May 1, 2023
- Buyer
- Imperial Dade
- Target
- Green Streets USA, Inc.
- Industry
- Packaging
- Location
- New Hampshire, United States
- Type
- Addon
Imperial Dade has acquired Green Streets USA, Inc., a Nashua, New Hampshire-based distributor of foodservice, industrial and packaging supplies. The transaction expands Imperial Dade's scale in the Northeast and adds Green Streets' product and customer footprint to Imperial Dade's distribution platform; financial terms were not disclosed.
-
April 25, 2023
- Buyer
- BOX Partners, LLC, Charlesbank Capital Partners
- Target
- The Packaging Wholesalers
- Industry
- Packaging
- Location
- Texas, United States
- Type
- Addon
BOX Partners, a national packaging wholesaler majority‑owned by Charlesbank Capital Partners, has acquired The Packaging Wholesalers (TPW), a nationwide packaging distributor with a more than 20‑year track record. The deal combines distribution footprints and capabilities to create a larger national wholesaler with six distribution locations and 3M+ square feet to improve product assortment and faster delivery for customers.
-
- Buyer
- Flexpak, LLC, Shorehill Capital LLC
- Target
- Select assets in St. George, Utah
- Industry
- Packaging
- Location
- Utah, United States
- Type
- Addon
Flexpak, LLC (a Shorehill Capital portfolio company) completed the acquisition of select assets in St. George, Utah on April 14, 2023 to establish a new branch distributing packaging supplies. The move expands Flexpak's Mountain West footprint to better serve Southern Utah and the Las Vegas market and strengthens its local sales presence with the addition of branch lead Doug Bardsley.
-
April 13, 2023
- Buyer
- Carton Pack, A&M Capital Europe (AMCE)
- Target
- Smilesys
- Seller
- Founders
- Industry
- Packaging
- Location
- Veneto, Italy
- Type
- Addon
Carton Pack, a portfolio company of A&M Capital Europe, has acquired Smilesys, an Italian producer of resealable and sustainable packaging products headquartered in Veneto. The add-on expands Carton Pack's sustainable and innovative packaging capabilities, particularly in food packaging for fruit & vegetables, snacks and bakery, while Smilesys will continue to be led by its management team.
-
- Buyer
- Imperial Dade
- Target
- Action Paper & Packaging
- Industry
- Packaging
- Location
- Ontario, Canada
- Type
- Addon
Imperial Dade has acquired Action Paper & Packaging, a Toronto-based distributor of paper goods, packaging materials, material handling equipment and janitorial products. The deal strengthens Imperial Dade's Canadian footprint and adds scale to its Imperial Dade Canada platform; financial terms were not disclosed.
-
February 28, 2023
- Buyer
- Resource Label Group, LLC
- Target
- Majestic Labels
- Industry
- Packaging
- Location
- California, United States
- Type
- Addon
Resource Label Group, a PE-backed full-service label and packaging provider, has acquired Majestic Labels of Riverside, California to expand its digital label printing capabilities. Majestic Labels' founder Ken Nordlie will join Resource Label Group to lead Southern California digital label operations as the deal becomes the platform's 27th acquisition.
-
February 27, 2023
- Buyer
- AmerCareRoyal, HCI Equity Partners
- Target
- Team Three Group
- Industry
- Packaging
- Location
- Missouri, United States
- Type
- Addon
AmerCareRoyal (backed by HCI Equity Partners) has acquired Team Three Group in its eighth add-on acquisition since HCI's initial investment. The deal expands AmerCareRoyal's product categories and geographic footprint—adding distribution capacity in the Midwest and California—and brings Team Three founder Bob Hubbard onto the ACR executive team.
-
February 24, 2023
- Buyer
- Inovar Packaging Group, Kelso & Company
- Target
- Cimarron Label, Western Printing
- Industry
- Packaging
- Location
- South Dakota, United States
- Type
- Addon
Inovar Packaging Group, a Kelso & Company-backed platform, has completed the acquisition of Cimarron Label and Western Printing, adding production sites in Sioux Falls and Aberdeen, South Dakota. The transaction expands Inovar’s Midwest footprint and capabilities in complex extended-content and booklet labels serving AgChem, lawn & garden and automotive customers.
-
February 20, 2023
- Buyer
- All4Labels Global Packaging Group, Triton Partners
- Target
- LabelPress Industria e Comercio da Amazonia Ltda.
- Seller
- Tatiana de Angelo Rocha, Natalia Clara de Angelo Tavares, Juvino Tavares
- Industry
- Packaging
- Location
- Amazonas, Brazil
- Type
- Addon
All4Labels Global Packaging Group, a Triton Fund V portfolio company, has agreed to acquire LabelPress Industria e Comercio da Amazonia Ltda., a converting and label manufacturer based in Manaus, Brazil. The deal (terms undisclosed) will make LabelPress a 100% subsidiary of All4Labels and aims to expand the group's footprint in northern Brazil and the durable labels market; LabelPress CEO Juvino Tavares will continue to run the business.
-
February 13, 2023
- Buyer
- Mill Rock Packaging Partners LLC, Mill Rock Capital
- Target
- Keystone Paper & Box Company
- Industry
- Packaging
- Location
- Connecticut, United States
- Type
- Addon
Mill Rock Packaging Partners LLC, a specialty packaging platform backed by Mill Rock Capital, has acquired Keystone Paper & Box Company, a custom folding carton manufacturer based in South Windsor, Connecticut. Keystone's management has made a significant investment in the platform and will remain in place; the deal expands Mill Rock Packaging's footprint to the Eastern U.S. and builds the platform's national specialty packaging capabilities. Terms were not disclosed.
-
February 10, 2023
- Buyer
- Envoy Solutions
- Target
- Mooney-General Paper Co.
- Industry
- Packaging
- Location
- New Jersey, United States
- Type
- Addon
Glenview, Illinois-based Envoy Solutions has acquired Hillside, New Jersey-based Mooney-General Paper Co., a family-run distributor of industrial packaging, foodservice and sanitary maintenance supplies. The deal expands Envoy Solutions' footprint and capabilities in the densely populated Northeast, giving Mooney-General access to a national platform and broader product portfolio.
-
February 6, 2023
- Buyer
- Flexpak, LLC, Shorehill Capital LLC
- Target
- Preferred Packaging Products, Inc.
- Industry
- Packaging
- Location
- Colorado, United States
- Type
- Addon
Flexpak, LLC, a Shorehill Capital-backed value-added packaging distributor based in Woods Cross, Utah, completed the acquisition of Thornton, Colorado-based Preferred Packaging Products, Inc. on February 1, 2023. The add-on expands Flexpak's geographic footprint into Colorado and adds specialized packaging capabilities serving end markets including electronics, instrumentation, consumer products and healthcare.
-
February 2, 2023
- Buyer
- Brook + Whittle
- Target
- LLT Labels
- Industry
- Packaging
- Location
- Ohio, United States
- Type
- Addon
Brook + Whittle agreed to acquire LLT Labels, a Stow, Ohio-based maker of direct thermal, thermal transfer and industrial labels. The deal is an add-on to Brook + Whittle's label and flexible packaging platform and aims to expand its custom warehouse and shipping label offerings.
-
February 1, 2023
- Buyer
- Field Packaging Solutions, LLC
- Target
- Bag Supply Company, Inc.
- Seller
- Dennis Limbaugh and other Bag Supply Company principals/owners
- Industry
- Packaging
- Location
- Alabama, United States
- Type
- Addon
Field Packaging Solutions, a self-funded private family office, has acquired Bag Supply Company, a Birmingham, Alabama-based manufacturer and distributor of FIBCs, multi-wall paper bags, woven polypropylene bags and other packaging products. The transaction closed on February 1, 2023 and is intended to expand Field's packaging capabilities and product footprint across North America while providing long-term stability and growth resources for Bag Supply.
-
January 20, 2023
- Buyer
- B2B Industrial Packaging, GenNx360 Capital Partners
- Target
- Next Press
- Industry
- Packaging
- Location
- New Jersey, United States
- Type
- Addon
B2B Industrial Packaging, a GenNx360 portfolio company, has acquired Next Press, a corrugated packaging and printing specialist based in Mahwah, New Jersey. The deal is an add-on acquisition intended to expand B2B's product and printing capabilities and strengthen its coast-to-coast distribution and service offering.
-
January 19, 2023
- Buyer
- Summit Plastics, LongueVue Capital
- Target
- Fredman Bag Company
- Seller
- Tim Fredman (fifth-generation owner)
- Industry
- Packaging
- Location
- Wisconsin, United States
- Type
- Addon
Summit Plastics, a LongueVue Capital portfolio company, has completed an acquisition of Fredman Bag Company, a Milwaukee-based manufacturer of printed and converted flexible packaging. The add-on expands Summit's geographic presence and product capabilities, integrating Fredman's printing and converting expertise into the Summit/ClearView platform.
-
January 6, 2023
- Buyer
- Envoy Solutions
- Target
- Delta Packaging & Supply
- Industry
- Packaging
- Location
- Mississippi, United States
- Type
- Addon
Glenview, Ill.-based Envoy Solutions has acquired Flowood, Mississippi-based Delta Packaging & Supply, a regional distributor of flexible packaging materials, custom poly bags, tapes, strapping and automated packaging equipment. The deal expands Envoy Solutions' national packaging footprint and strengthens its presence in the Southeast as an add-on to its family of regional distributors.
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