Saxco International, a portfolio company of Texas-based middle market equity firm The Sterling Group, has completed the acquisition of packaging and printing company Square Peg Packaging and Printing.
Square Peg designs and supplies a variety of customized packaging and commercial printing materials. The company also offers assembly, kitting, contract packaging, design and prototyping services.
Saxco CEO Matthew Malenfant said that Square Peg's capabilities will strengthen the strategy for custom packaging and services for the beer and beverage industry.
"We look forward to integrating that expertise with the Saxco scale and services as we become increasingly important to our customers' branding and identity."
Saxco, headquartered in Pennsylvania, is a distributor of rigid packaging for the liquor, wine and craft beer industries. It also works in partnership with North American manufacturers and sources customized glass, plastic and closure packaging solutions.
Saxco was acquired by Sterling in 2011 from Herb and Keith Sachs, members of the founding family.
The Sterling Group partner John Hawkins said that the Square Peg addition will be valuable as Saxco continues to enhance its products and services that meet its customers' unique packaging needs.
"Saxco is well positioned to enter a new period of expansion and growth."
The acquisition of Square Peg will be the second for Saxco in the last one year.
The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution and industrial services companies.
The company has sponsored buyout of 44 platform companies and numerous add-on acquisitions for a total transaction value of over $10bn.
