By 1808Delaware
Delaware based Inno-Pak, a North American leader in innovative and sustainable food packaging, has been acquired by Handgards, a Texas-based foodservice products distributor. The move strengthens Handgards’ position in the foodservice, grocery, convenience store, and hospitality industries while furthering its commitment to providing high-quality, eco-friendly packaging solutions.
With more than 170 patents across multiple substrates, Inno-Pak has long been recognized for its innovation and commitment to sustainability. As a proud member of the Sustainable Packaging Coalition, the company focuses on packaging that is recyclable, reusable, compostable, or a combination of all three categories. This dedication aligns with growing industry trends toward environmentally responsible packaging solutions.
Expanding Offerings and Market Reach
“We could not be more excited to welcome Inno-Pak into the Handgards family,” said Joe Kubicek, CEO of Handgards. “This transformational add-on bolsters our offering of innovative, sustainable solutions and demonstrates our commitment to providing our customers with an extensive portfolio of the highest quality products, best-in-class service, and leading technical capabilities.”
The acquisition allows Handgards to expand its product lineup, incorporating Inno-Pak’s expertise in sustainable materials and substrate flexibility. The move also enhances Handgards’ ability to support the growing demand for on-the-go food consumption and hygienic packaging solutions across multiple industries.
A Strategic Step Forward
“Inno-Pak represents an opportunity to grow in key foodservice end markets, including grocery and convenience stores, and allows the platform to further capitalize on positive trends around substrate flexibility, consumer convenience, health and hygiene, and on-the-go consumption,” said Greg Gleason, Managing Partner of Wynnchurch. “We look forward to our continued partnership with Handgards and Inno-Pak as they continue their growth journey.”
Carl Howe, Managing Director at Wynnchurch, echoed this enthusiasm: “We’re thrilled to add Inno-Pak to the Handgards platform. In line with our original investment thesis, the acquisition of Inno-Pak adds differentiated converting and sourcing capabilities while further diversifying the consolidated platform into attractive end markets. We look forward to working with management to continue expanding the platform.”
Goldman Sachs & Co. LLC acted as financial advisor, while Foley & Lardner LLP served as legal advisor for Wynnchurch in the acquisition.
For more information, visit www.innopak.com and www.handgards.com.
Source: BusinessWire; Image by Gareth van Vollenstee from Pixabay
