FOR IMMEDIATE RELEASE
Inovar Packaging Group Acquires Three Prime Label Companies
Expands presence in Texas and Florida
Arlington, TX (August 8, 2016) - Inovar Packaging Group, LLC (“Inovar”) has recently completed the purchase of several label and packaging manufacturers, continuing a series of acquisitions designed to help the organization grow strategically across the United States. The company is executing on a strategic plan for growth, both organically and through acquisitions in partnership with business owners and management, building regionally based prime label and flexible packaging businesses across the country. Inovar’s mission is to serve the needs of specialty consumer and industrial products companies requiring fast response, speed-to-market and dedicated personal service while offering multiple press options and converting platforms with complex decorative capabilities.
The acquired companies include Murray Label & Printing in nearby Dallas and 21st Century Labels & Packaging (“21st Century”) in Fort Lauderdale, FL. Inovar also purchased the assets of SafePrints in Miami, FL to bolster 21st Century’s capabilities, capacity and market reach in the Southeastern region in partnership with Michael Stephens. The three businesses bring a combined 40+ years of label industry experience to the table, with an established client base that spans the nutraceutical/sports nutrition, pharmaceutical, food & beverage, health & beauty, industrial sectors and CPGs. Key product lines include custom prime pressure sensitive labels, printed shrink sleeves, cartons and flexible packaging.
Ongoing Expansion Plan Will Include Many Acquisitions
According to John Attayek, Inovar’s CEO, all three recently acquired businesses serve a specific purpose in supporting the company’s customers and long term goals. “These acquisitions add capacity, expanded product offerings, and help us serve a larger geographic area. We are excited to have these new locations on board that strengthen Inovar’s presence across the U.S.” Michael Stephens, 21st Century’s owner and President says, “The decision to partner with the Inovar team was an easy one and serves multiple purposes. The demands of the specialty prime label market require expanded capabilities and scale while having the financial backing needed and strategic guidance from a very successful and experienced executive team. High service levels, response time and quality benefit our clients and the speed-to-market demands within their supply chain. We are aligned on all fronts from a business culture perspective of a high performance, high reward environment while offering our employees a great place to work to expand their career ambitions.”
The company plans to acquire more prime label and packaging convertors in the near future in partnership with AEA Investors SBF LP (“AEA”). Attayek commented, “We pride ourselves on our ability to meet the demanding quality, service and delivery requirements of today’s fast-paced production and distribution environments. We are looking for targeted label and packaging companies in combination with business owners and management who align with our culture and overall strategy. We understand the complex needs of growing consumer and industrial products companies and we believe there is a large section of this market that is being underserved from a personal service and delivery lead time perspective. Further, we are focused on extending Inovar’s reach into other major prime label markets in the Mid-Atlantic, Northeastern, Central, and Western regions of the country. Expanding into these key areas will enhance our ability to respond quickly to serve clients of all sizes, including enterprise-class organizations with multiple locations.”
About Inovar Packaging Group
Inovar is one of North America's premier printing and packaging solution companies. From its headquarters in Arlington, Texas, Inovar produces packaging products for many of the nation's leading brands across multiple industries. Inovar invests in the most up-to-date technology to help clients meet the demands of the marketplace and demonstrates a passion for providing unsurpassed quality and service. For more information, visit www.inovarpkg.com.
About AEA Investors
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA’s active individual investors (the “Participants”) include an extraordinary network of more than 75 of the world’s leading industrial families, business executives and former government leaders. Today, AEA’s approximately 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $10.0 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investing. AEA Private Equity invests across four sectors: value added industrial products, specialty chemicals, consumer / retail and services. For more information, please visit www.aeainvestors.com.
For inquiries please contact:
John Attayek, CEO
Inovar Packaging Group, LLC