Warburg Pincus, a leading global private equity firm focused on growth investing, has agreed to acquire Pregis LLC, a leading protective packaging materials and automated systems manufacturer, from Olympus Partners, headquartered in Stamford, Connecticut, for an undisclosed amount. Pregis' current management team, led by Kevin Baudhuin, president and chief executive officer, will continue under Warburg Pincus' ownership. "We are pleased to partner with Warburg Pincus to continue our strong growth that has been attained through customer-focused innovation, market development and investments. Backed by their extensive network of knowledgeable resources and global perspectives, we are confident that Warburg Pincus will further accelerate our future growth," said Kevin Baudhuin, president and chief executive officer, Pregis. "We also want to sincerely thank Olympus for their partnership and support, which have been key to our success over the past five years." Click Read More below for additional information.
Charta Global and its exclusive strategic partner, Asia Pulp & Paper (APP), one of the largest pulp and paper manufacturing companies in the world, will showcase their extensive array of packaging products including food grade, compostable, specialty and consumer retails products at Pack Expo 2018 on October 14 – 17 at the McCormick Place in Chicago.
This year, the highlight of APP and Charta Global’s exhibit is the FDA, ISEGA certified Bio Natura products from the company’s foopak line which has been recognized by the Business Intelligence Group as the 2018 “Sustainability Product of the Year.” These are 100% compostable, recyclable folding box boards ideally suited for fast food, take-away containers and hot beverage cups. Other products in the suite include greaseproof papers, boards and bakery liners.
Pack Expo International 2018 is one of North America’s biggest gathering of packaging suppliers and manufacturers of goods, including the pharmaceutical and medical devices companies. The exhibit will convene 2,500 leading industry suppliers in around 1.2 million net square feet of exhibit space, with visitors expected from more than 125 counties. Pack Expo is produced by PMMI, The Association of Packaging and Processing Technologies.