Pregis has acquired Sussex, Wisconsin-based Sharp Packaging Systems for an undisclosed amount. The acquisition will enable Pregis to expand its product portfolio to include a complete line of flexible packaging bagging systems and materials.
"The shift to dimensional weight-based transport pricing is making bagging an attractive option for a variety of products that do not require cushioning protection. By adding bagging systems to our already robust protective packaging product offering, we can offer customers-particularly those whose market strategy includes ecommerce-another option to deliver their products to consumers," said Kevin Baudhuin, president and chief executive officer.
Last year, Sharp completed construction of its new 160,000 sq. ft. state of the art manufacturing facility in Sussex to keep up with growing demand for the company's product line. In total, Sharp manufactures in three locations and employs approximately 200 people. Going forward, Sharp will operate as a Pregis business unit, headed by current president, Mike Menz.
"We view the Sharp organization and their employees as a perfect cultural fit within Pregis. We believe the product offering and our combined teams strengthen our position as a valued partner to our customers," Baudhuin said.
Sharp is the fourth acquisition Pregis has completed in the past three years under ownership of Olympus Partners. The other three include 3M Company's protective films business, EasyPack paper-based protective packaging systems and Eagle Film Extruders.