News Column

United States : STAMFORD PE company buys packaging company

June 1, 2014

The Stamford-based private-equity company, Olympus Partners, acquired multinational packaging company Pregis Corp.

Rob Morris, managing partner at Olympus, the purchase cost was between $450 million and $500 million.

Pregis, which is headquartered in Deerfield, Ill., sells products like paper, foam, and bubble packaging for industrial and consumer market segments including food, health care, beverage, medical devices, aerospace and military.

It has an industrial systems component that sells manufacturers of products like engines, a system that emits foam inside of a box to secure the object.

Olympus manages more than $5.5 billion for corporate pension funds, endowment funds and state-sponsored retirement programs. It had before invested in packaging businesses like the PLZ Aeroscience and Waddington Group.

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Source: TendersInfo (India)

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