Olympus Partners, a US-based private equity firm, is set to acquire protective packaging materials and systems manufacturer Pregis Corporation North America.
Pregis president and CEO Kevin Baudhuin said the company has established a track record of growing its business through product development, market diversification as well as acquisition, over the past decade.
"Olympus Partners will continue supporting that growth by investing significant capital in the business," added Baudhuin.
The parties have not disclosed the value of the transaction which is slated for completion by the end of May 2014.
Pregis operates 14 facilities in North America and produces various protective packaging products and value added system solutions.
Source:
http://protective.packaging-business-review.com/news/olympus-to-buy-north-american-protective-packaging-materials-manufacturer-230414-4218734
