USA – GenNx360 company B2B Industrial Packaging has announced its acquisition of Millennium Packaging Inc based in South Elgin, Illinois.
The acquisition aims to provide Millennium Packaging clients with a complete selection of industrial packaging products through B2B Industrial Packaging’s national distribution network while maintaining the unique culture of the acquired company.
Millennium Packaging has been providing customized packaging and equipment solutions to clients in the US for more than 25 years.
The company specializes in shrink film, stretch film, packaging equipment and corner board. It also partners with clients to offer innovative, sustainable, cost-effective packaging solutions tailored to individual needs.
With this acquisition, the packaging company further expands its reach as the fastest-growing industrial packaging company in the US.
The company has a strong history of producing positive results for the acquired company, its employees, channel partners and clients.
Efforts are focused on delivering carefully developed world-class packaging solutions to clients throughout the US and Mexico.
B2B Industrial Packaging CEO Bill Drake said: “Millennium Packaging built their business on the principles of partnership, quality and trust.
“These are cornerstones we value as well. As with all of our acquisitions, we are laser-focused on delivering carefully developed world-class packaging solutions.”
In January, the company acquired custom packaging supplier Next Press, which offers customized corrugated products and functional packaging to address clients’ packaging issues.
Next Press provides samples of custom packaging and handles small production runs through its in-house design team and printing capabilities.
The deal will give Next Press customers access to industrial packaging products from B2B Industrial Packaging’s channel partners, which are supported by a coast-to-coast distribution network.
Based in Addison, Illinois, B2B Industrial Packaging currently serves more than 17,000 customers across the US and Mexico.
In 2019, it agreed to merge with Central Packaging, a company that provides packaging equipment and supplies.
Triad Securities investment banking director and Next Press advisor Scott Daspin said: “I was pleased to play a key role in this successful acquisition.
“The expert, friendly service that Next Press provides will now be complemented by the national-scale packaging solutions, distribution and support that industry leader B2B Industrial Packaging delivers.”
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