US-based private equity firm Wellspring Capital Management has acquired packaging solutions provider SupplyOne for an undisclosed sum.
Based in Newtown Square of Pennsylvania, SupplyOne produces custom corrugated products, plastic thermoforming trays and clamshells, as well as custom pressure-sensitive labels.
The company supplies its products to the middle-market customers in the food and beverage, manufacturing, consumer products, e-commerce and healthcare end markets.
SupplyOne distributes a range of packaging equipment, safety products, and janitorial and sanitary supplies.
The company produces corrugated products such as die-cuts, bin boxes and one-piece mailers.
SupplyOne also supplies protective packaging and cushioning materials and fabrication materials such as polyurethane, polyethylene and polyesterene.
The firm also manufactures stock and custom shipping containers, custom die-cut corrugated containers, cargo boxes and containers, packing list envelopes and cold chain packaging solutions.
SupplyOne supplies packaging equipment, including modified atmosphere packaging, carton sealing systems, strapping, banding and sealing systems, as well as bag and pouch filling and sealing solutions.
Wellspring managing director John Morningstar said: “SupplyOne has built an impressive platform over the past two decades, with a strong geographic footprint across the United States, and a unique ability to add value to its customers’ businesses by lowering total packaging costs.
SupplyOne founder and CEO Bill Leith said: “We are very pleased that Wellspring has invested in SupplyOne given the firm’s history of building successful businesses in the packaging sector.”
In February this year, SupplyOne acquired US-based privately held distributor of shipping and packing materials, Omni Packaging.
The acquisition included Omni Packaging’s 100,000ft² complex in Tulsa, Oklahoma; satellite facilities in Oklahoma City, Texas, Kansas, Missouri, Arkansas and Alabama; and product offering.
In February 2017, SupplyOne acquired Industrial Packaging Corporation (IPC), a distributor of industrial and packaging solutions for production, assembly, and warehouses in the US.
Other acquisitions of SupplyOne include Wrap-N-Pack, a full service industrial packaging supplies distributor located in Farmingdale, New York.
Image: Wellspring Capital has acquired Pennsylvania-based SupplyOne. Photo: courtesy of savit keawtavee / FreeDigitalPhotos.net.