USA – Specialised Packaging Group (SPG), a vertically integrated provider of protective packaging products, has completed the acquisition of Complete Packaging, a leading provider of customized packaging solutions situated in Michigan.
This strategic initiative significantly fortifies SPG’s standing as one of North America’s primary independent protective packaging manufacturers.
The move is targeted to augment SPG’s offerings in engineered packaging and broaden its geographic footprint.
The inclusion of Complete Packaging in the SPG fold has expanded the company’s workforce by approximately 90 employees, now totaling 1,600.
The acquisition stands in alignment with SPG’s unwavering commitment to delivering top-notch packaging solutions.
CEO Paul Budsworth expressed enthusiasm for the extended capabilities, stating, “By integrating Complete Packaging into our rapidly expanding team, we’re bolstering our operations with industry-leading custom-engineered packaging capabilities, further reinforcing our world-class standing.”
SPG is looking forward to consolidating its presence in Detroit and the Midwest markets, ultimately aiming to provide enhanced customer service.
Gregg Reau, President and CEO of Complete Packaging, emphasized the partnership’s growth potential, stating, “With SPG, we’ve found a partner who shares our vision and possesses the resources to accelerate our growth plans in new and existing markets.”
CORE Industrial Partners acquires General Converting
Meanwhile, CORE Industrial Partners, a private equity firm, has successfully completed the acquisition of General Converting, a premier folding carton provider based in the United States.
Established in 1982, General Converting specializes in supplying folding cartons to clients in the confectionery and consumer sectors.
The company collaborates with brands in these segments to craft tailor-made packaging solutions that elevate product visibility and brand recognition.
Operating out of Bolingbrook, Illinois, the company boasts a 122,000-square-foot manufacturing facility and offers end-to-end services encompassing structural design, printing, die-cutting, and finishing, thereby ensuring stringent quality control throughout the production process.
Expressing his sentiments, General CEO Bob Ruebenson stated, “Our family, along with an exceptional team, has established a distinctive business over the last four decades, and we are thrilled to embark on a new phase of growth for General Converting in partnership with CORE.”
Recently, CORE also made an investment in Century Box, a folding carton provider. These strategic moves are poised to enhance CORE’s objective to create a comprehensive platform in the folding carton sector.
With a combined experience of over 85 years, both General Converting and Century Box are poised to build a platform catering to clients in the confectionery and consumer sectors.
These companies have expanded their reach and capabilities, operating across three facilities spanning approximately 325,000 square feet in Illinois and Massachusetts, USA.
Frank Papa, CORE’s senior partner and board chair, highlighted, “The acquisition of General Converting aligns with our strategy to build a folding carton packaging platform targeting lucrative markets with a customer-centric approach.
Furthermore, General Converting’s integration extends our geographical presence in the Midwest [US], broadening our product range by introducing new clients in the candy and confectionery arena.”
