“Pregis and FP International will now be moving forward as one company. This will benefit our combined customer base by providing a robust set of diverse solutions and accelerated product development—most notably to address growing e-commerce shipping requirements. This also significantly strengthens Pregis’ geographic position within new international markets, supporting our global growth strategy,” says Kevin Baudhuin, president/CEO.
FP International has a 50 year history of providing a wide range of protective packaging solutions. Its well-known brands include the MINI PAK’R®, PRO PAK’R® and POWER PAK’R®. The acquisition includes five manufacturing facilities—two in the United States plus Germany, France and the Netherlands—supported by 360 employees. Pregis plans on continuing manufacturing operations in those locations.
FP International is the sixth acquisition Pregis has completed in the past four years under Olympus Partners ownership. The other five are Rex Performance Products, Sharp Packaging, 3M Company’s PolyMask protective films business, Easypack paper-based protective packaging systems and Eagle Film Extruders.