B2B Industrial Packaging has acquired Western Metals, Pac Fast, Empire Systems and Empire West Solutions in California
B2B Industrial Packaging supplies steel strapping, stretch film, and fasteners. (Credit: Monsterkoi from Pixabay.)
B2B Industrial Packaging, a GenNx360 company, just hired Joel Jorgensen as their Chief Financial Officer. Before coming to B2B Industrial Packaging, Jorgensen was the CFO at Harvest Sherwood in Detroit, a multi-billion dollar distributor of proteins. Jorgensen was brought aboard to integrate the acquisition of the $2 billion Sherwood division.
At B2B Industrial Packaging, Jorgensen is responsible for the accounting, treasury, financial planning, human resources and information technology areas and also integrating several new acquisitions. He will be developing the integration playbook and structure that will allow the company to grow over the next 10 years. Jorgensen said, “It’s exciting that B2B Industrial Packaging is positioned to acquire and integrate companies, more so than any other company in our market. We are moving quickly to become a market leader through our expansion strategy.”
In recent years, B2B Industrial Packaging has acquired Western Metals, Pac Fast, Empire Systems and Empire West Solutions in California; Central Packaging in Kansas; All Packaging in Missouri; Alpine Packaging in Oregon; AMW Packaging in Arizona; and Lesker Corporation, Anasco, Inc, Rapid-Pac, and All Packaging-South Chicago in Illinois.
B2B Industrial Packaging President and CEO Bill Drake said, “Joel’s credentials were very impressive and he came highly recommended. With our focus on expansion both organically and through acquisitions, he is an excellent fit for us.”
B2B Industrial Packaging is actively looking for industrial packaging-related companies to acquire that have complementary or similar product lines. The goal is to expand geographically or merge in an existing market and gain market share.
Source: Company Press Release