Pregis acquires Sharp Packaging Systems; adds bagging systems capability
Sharp will operate as a Pregis business unit, headed by current president Mike Menz.
Pregis, Deerfield, Ill., acquired Sharp Packaging Systems, Sussex, Wis., for an undisclosed amount. The acquisition will enable Pregis to expand its product portfolio to include a complete line of flexible packaging bagging systems and materials.
"The shift to dimensional weight-based transport pricing is making bagging an attractive option for a variety of products that do not require cushioning protection. By adding bagging systems to our already robust protective packaging product offering, we can offer customers—particularly those whose market strategy includes e-commerce—another option to deliver their products to consumers," says Kevin Baudhuin, president and CEO of Pregis.
Last year, Sharp completed construction of its new 160,000-square-foot, state-of-the-art manufacturing facility to keep up with growing demand for the company's product line. In total, Sharp employs approximately 200 people in three manufacturing locations. Going forward, Sharp will operate as a Pregis business unit, headed by current president Mike Menz.
"We view the Sharp organization and their employees as a perfect cultural fit within Pregis. We believe the product offering and our combined teams strengthen our position as a valued partner to our customers," Baudhuin says.