The transaction is expected to be completed by the end of May.
“Olympus Partners looks for enterprises that have established a leading market position and have a strong management team,” said Manu Bettegowda, partner. “We believe that such companies will enjoy greater long-term value creation and generate superior investment returns. Pregis meets those criteria and we are pleased to add the company to our diverse investment portfolio. Pregis is well positioned for growth with innovative solutions, expanding markets and solid channel partnerships.”
Pregis’ current management team, led by Kevin Baudhuin, president and CEO, 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.
Source: Pregis Corporation North America
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