US – Industrial packaging provider B2B Industrial Packaging has completed the acquisition of custom packaging supplier Next Press.
Based in Mahwah, New Jersey, Next Press focuses on offering customized corrugated products and functional packaging to address clients’ packaging issues.
The company provides samples of custom packaging and handles small production runs through its in-house design team and printing capabilities.
According to Next Press, the deal will give its customers access to industrial packaging products from B2B Industrial Packaging’s channel partners, which are supported by a coast-to-coast distribution network.
B2B Industrial Packaging CEO Bill Drake said: “Next Press is an incredible company with a great management team.
“We are aware of the high level of service Next Press clients and channel partners have become accustomed to. Our goal is to surpass it in every regard.
“We want all our clients to think of us as ‘Your National Neighbor’. This means they can expect both friendly, personalized service and access to vast resources.”
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.”
The deal is the 27th acquisition in 13 years for B2B Industrial Packaging, the fastest-growing industrial packaging company in the U.S.
In November last year, B2B Industrial Packaging completed the acquisition of Tri Pro Graphics and Packaging in St. Louis, Mo.
With the acquisition, Tri Pro Graphics and Packaging clients have been able to accelerate their own growth through B2B Industrial Packaging’s nationwide distribution network and a roster of the industry’s best channel partners.
Other benefits include a phenomenal selection of products and the caliber of service that only a coast-to-coast company with a local “Your National Neighbor” ethic can provide.
Additionally, the company has previously acquired businesses in California, Kansas, Oregon, Arizona, Pennsylvania, Michigan and other US states.
Servicing more than 17,000 active clients, B2B Industrial Packaging sells a full range of packaging equipment and supplies including steel strapping, stretch film, and fasteners to clients throughout the U.S. and Mexico.
In addition, the company also operates three state-of-the-art strapping and fastener tool repair facilities that service the entire U.S.
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