SPG Expands Capabilities and Footprint with Addition of Midwest and Rocky Mountain Engineered Packaging Provider
Specialized Packaging Group (SPG), a leading, vertically integrated provider of protective packaging products, today announced the acquisition of Aurora, Colorado-based Protective Packaging Solutions (PPS). PPS is a leading designer and fabricator of custom engineered packaging solutions for applications across a diverse array of end markets and a nationwide customer base.
SPG, one of the largest independent protective packaging manufacturers in North America, is a portfolio company of Altamont Capital Partners. The acquisition will enhance SPG’s existing capability set, expanding the company’s engineered packaging offerings and geographic reach while adding approximately 90 employees to its 1,600-person workforce. PPS’ leadership and the company’s full workforce will continue to operate in their current locations in Aurora, Colorado and Cincinnati, Ohio.
“The addition of PPS to our rapidly expanding team means we will be adding world-class custom engineered packaging capabilities to an operation that is already an industry leader. PPS has been a go-to provider of protective packaging solutions for almost 40 years,” said SPG CEO Paul Budsworth. “We are also excited to strengthen our presence in the growing Midwest and Rocky Mountain markets, allowing us to better serve our customers. We are looking forward to bringing the PPS team fully on board and integrating them into a footprint that extends across North America and provides high-quality products to a diverse customer base.”
“Over the last several years, PPS has grown by focusing on highly engineered, custom packaging solutions that save our customers time and money and that utilize the highest quality materials and the latest technology,” said PPS President Tom McNamara. “With SPG, we have found a partner that shares our vision and has the resources to accelerate our growth plans in new and existing markets. The PPS team is thrilled to join SPG, and we look forward to taking our combined business to the next level.”
Source: Company Press Release