Olympus Partners has closed its buy of Pregis Corp. North America. No financial terms were disclosed for the transaction. Pregis Corp, is a maker of protective packing materials and systems.
DEERFIELD, Ill., May 21, 2014 /PRNewswire/ — Private equity firm Olympus Partners, Stamford, Conn., has completed the acquisition of Pregis Corporation North America, a protective packaging materials and systems manufacturer, for an undisclosed amount.
Pregis’ current management team, led by Kevin Baudhuin, president and chief executive officer, will continue under Olympus ownership.
In North America, Pregis operates 14 facilities producing a variety of protective packaging products and value-added system solutions. Pregis partners with industrial and packaging distributors, fabricators and specialty suppliers to deliver customer-driven solutions to a wide variety of end use markets.
About Olympus Partners
Founded in 1988, Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries, including consumer products, healthcare, financial services and business services. For more information: www.olympuspartners.com.
Pregis Corporation is a leading global provider of innovative protective packaging materials and systems. The company offers solutions for a wide variety of consumer and industrial market segments including food, beverage, healthcare, medical devices, agricultural, e-commerce, retail, automotive, furniture, electronics, construction and military/aerospace. For more information: www.pregis.com.