Pregis acquires Inter-Pac; adds PE foam rollstock/plank capacity
DEERFIELD, Ill., Aug. 15, 2012 /PRNewswire/ -- 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.
"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," said Kevin Baudhuin, president and chief executive officer, Pregis.
Pregis will continue to operate Inter-Pac's 180,000 square foot Tupelo manufacturing facility. Its 25 employees will be 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," said Baudhuin.
Founded in 1960, Inter-Pac is one of the first protective packaging products manufacturers in the United States. The company has a long-standing reputation for its innovative production techniques, environmental platform and customer service. For more information: www.inter-pac.com.
Pregis Corporation is a leading global provider of innovative protective packaging materials and systems. The company offers solutions for a wide variety of consumer and industrial market segments including food, beverage, healthcare, medical devices, agricultural, e-commerce, retail, automotive, furniture, electronics, construction and military/aerospace. Pregis currently