Packaging-centric supply chain services company Coregistics has acquired substantially all of the assets of US-based Cano Packaging, for an undisclosed value.
The combination of the two companies is expected to increase Coregistics ability to support its diverse client base geographically as well as through the acquisition of the physical assets of Cano.
Cano's assets include high speed cartoning, vertical form/fill/seal, high-speed pouching and overwrapping equipment.
Coregistics chief executive officer Eric Wilhelm said the company the acquisition will allow the company to offer food manufacturers a better resource for increasing operational efficiency while reducing their total supply chain costs considerably.
"Capacity for food and confectionary packaging services like bagging and pouching is extremely limited in this country. Cano provides a 'mission critical' capability that food manufacturers simply do not have enough of internally, especially when it comes to projects that require short runs, small bags or frequent changeovers," Wilhelm said.
Cano offers confection and food industry-specific contract packaging services including bagging, pouching, labeling, cartoning, kit assembly, shrink wrapping and date coding.
