Pregis’ current management team, led by Kevin Baudhuin, president/CEO, will continue under Warburg Pincus’ ownership.
“We are pleased to partner with Warburg Pincus to continue our strong growth that has been attained through customer-focused innovation, market development and investments. Backed by their extensive network of knowledgeable resources and global perspectives, we are confident that Warburg Pincus will further accelerate our future growth,” said Baudhuin.
Under Olympus’ ownership since May 2014, Pregis has made six acquisitions (Eagle Film Extruders, Easypack Ltd, Sharp Packaging Systems, 3M PolyMask, Rex Performance Products, and FP International). The company has grown from 14 to 22 manufacturing facilities across North America and Europe. Pregis currently employees 2,250 team members.
The company has also made significant capital investments during that period including multiple new blown film extrusion lines at its Pregis Films facility. The additional capability enhances vertical integration and addresses increased demand for higher quality flexible packaging, ecommerce protective material and surface protection films. Most recently, Pregis established a European operating unit to provide robust solutions on an even wider geographic platform.