Titan produces boxes used in moving and storage, industrial products and corrugated shipping containers, and All Boxed Up distributes common box sizes produced by Titan throughout the US
UFP Packaging has acquired Titan Corrugated and its affiliate distributor All Boxed Up. (Credit: shilpa p from Pixabay)
UFP Packaging, an affiliate of US-based UFP Industries, has completed the acquisition of corrugated packaging products producer Titan Corrugated and its affiliate distributor All Boxed Up.
Established in 2003, Titan produces boxes used in moving and storage, jumbo boxes for industrial products, corrugated shipping containers, and point-of-purchase displays. The firm has a highly automated facility in Flower Mound, Texas.
All Boxed Up is a corrugated box distributor of common box sizes manufactured by Titan throughout the US.
The combined entities had trailing 12-month sales through October 2022 of about $46.5m.
UFP Packaging vice president Chuck Krawczak said: “We are thrilled that the Titan companies have joined UFP Packaging as our cornerstone corrugated conversion facility.
“Jon and his team built a model that we plan to replicate in target geographic markets where we can utilise both customer and distribution synergies.
“Titan’s operations are highly automated and overseen by talented team members dedicated to serving the customer. We can learn from their use of automation and robotics, and Titan will benefit from our support staff, capital and extensive customer base.”
According to the terms of the transaction, Titan founder Jon Reneau and his team will remain with the company.
Jon Reneau said: “I am proud of the team at Titan and am excited by the opportunities that will come to us as part of the UFP family of companies.
“We look forward to helping drive UFP’s mission to become the leading global packaging solutions provider.”
Founded in 1955, UFP Industries and its subsidiaries produce, distribute and market a range of products used in residential and commercial construction, packaging and other industrial applications worldwide.
In December last year, UFP Packaging acquired Advantage Label & Packaging for around $16m. Advantage provides industrial packaging labels and associated equipment.