Private equity firm Olympus Partners, Stamford, Conn., acquired Pregis Corp. North America, a protective packaging materials and systems manufacturer based in Deerfield, Ill., for an undisclosed amount. The transaction is expected to be completed by the end of May. Pregis' current management team, led by Kevin Baudhuin, president and CEO, will continue under Olympus ownership.
"Olympus Partners looks for enterprises that have established a leading market position and have a strong management team. 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," says Manu Bettegowda, partner. "Pregis is well positioned for growth with innovative solutions, expanding markets and solid channel partnerships.