This diversified packaging services and assembly company located in Illinois has been in business since the early 2000s, offering customers a comprehensive array of packaging solutions. The Company offers services including blister packaging, assembly, shrink wrapping, kitting, bagging, gluing, and fulfillment. The Company serves a number of customers ranging from high profile printing and marketing companies to smaller customers requiring specialized services.
A number of the products the Company packages end up on the shelves of leading retailers such as Sam’s Club and Albertsons. With solidified customer relationships, the Company estimates that approximately 50% of its work is directly negotiated with customers while the remaining 50% is competitively bid.
Several recent wins have been recorded including the addition of multiple new customers and indications from others that they are expecting to increase spending with the Company. Current ownership has spent the last 18 months implementing technology and systems into the Business that allow it to make data-driven decisions.
Current ownership is seeking a divestiture of the Company in order to pursue other unrelated business ventures. Ownership is willing to assist in a reasonable transition period following the completion of a transaction. Based on current roles and the management in place, the transition of ownership is expected to be a smooth process.