Coregistics Acquires Contract Packaging Manufacturer
Coregistics, an Atlanta-based packaging-centric supply chain services company, acquired substantially all of the assets of Cano Packaging Corp., a Chicago-area company that specializes in primary contract packaging services for food and confectionery manufacturers. The combination of the two companies immediately establishes a Coregistics presence in Chicago and significantly increases the company's ability to support its diverse client base both geographically and through the acquisition of Cano's physical assets, which include state-of-the-art high-speed cartoning, vertical form-fill-seal, high-speed pouching and overwrapping equipment.
"Capacity for food and confectionery packaging services like bagging and pouching is extremely limited in this country. Cano provides a 'mission critical' capability that food manufacturers simply do not have enough of internally, especially when it comes to projects that require short runs, small bags or frequent changeovers," says Eric Wilhelm, chief executive officer of Coregistics. "By infusing Cano's offering with the same resources and processes that have made Coregistics a successful packaging solutions provider, we can now offer food manufacturers an even more powerful resource for increasing operational efficiency while significantly reducing their total supply chain costs."
The acquisition of Cano is the second for Wilhelm and his team, who announced in April 2012 the completion of the acquisition of New Jersey-based Market Resource Packaging (MRP).
"MRP allowed us to leverage a proven 20-year track record of providing innovative packaging solutions to some of the largest, most respected brands in the world. The result of the MRP acquisition was the establishment of four logistically relevant supply chain centers—Atlanta, New Jersey, Indianapolis and Memphis. Adding Chicago to this mix now solidifies our geographical coverage, enhances our primary packaging capabilities and provides the step change Coregistics has been planning since its inception," adds Wilhelm.