Multi Packaging Solutions Announces Acquisition of Innovative Creative Packaging Solutions
NEW YORK--(Business Wire)--
Multi Packaging Solutions, Inc. ("MPS"), a specialty print and
packaging company, and a portfolio company of BSMB, today announced
that it has completed the acquisition of Innovative Creative Packaging
Solutions.
Innovative Creative Packaging Solutions ("Innovative"),
headquartered in South Plainfield, NJ, is a high-quality supplier of
custom folding cartons, promotional packaging and digital labels for
the Pharmaceutical, Nutraceutical, Medical Devices, and Cosmetic
markets. The acquisition provides Innovative Creative Packaging
Solutions with product and technology synergies and offers MPS
complementary capacity to support its growing customer base. MPS
simultaneously signed the acquisition agreement and closed the
transaction on March 20th. Terms of the transaction were not
disclosed.
Marc Shore, Chief Executive Officer of MPS commented, "Innovative
Creative Packaging Solutions strongly complements our existing
offering by expanding our manufacturing footprint to include a
strategic presence in the Northeast for our healthcare and cosmetics
clients. They have an experienced and entrepreneurial management team
with a proven track record of customer focus and innovation. We look
forward to working with them for continued growth in our target
markets."
Shawn F. Smith, President and CEO of Innovative Creative Packaging
Solutions, stated, "We are excited about joining Multi Packaging
Solutions, which allows us to offer a comprehensive product line with
multiple plant locations, leading ink and coating technologies along
with extensive creative and technical resources to new and existing
customers."
"Innovative is a great fit with Multi Packaging Solutions" said
Phil Carpenter, Senior Managing Director of BSMB. "We are pleased to
continue to support MPS and our management team in executing their
organic and acquisition growth strategies."
About Multi Packaging Solutions:
Multi Packaging Solutions is a leading print and packaging company
with sales in excess of $375 million. MPS offers an array of print and
packaging for the cosmetic, healthcare, horticultural, media, and
value added consumer markets. MPS has 11 production facilities
throughout the United States. Founded by Marc Shore with the financial
backing of BSMB, MPS has a seasoned management, sales, and design team
with vast experience in print and packaging. Unlike traditional
packaging companies, MPS is unique in its depth of industry
experience, breadth of technologies and range of resources. More
information is available at www.multipkg.com.
About Innovative Creative Packaging Solutions:
Innovative Creative Packaging Solutions is a specialty print and
packaging company that serves the healthcare and cosmetic markets.
Innovative's cGMP certified facility in South Plainfield, NJ, features
offset, flexographic, and digital printing technologies and a full
range of finishing equipment. More information on Innovative Creative
Packaging Solutions can be found at www.innovativecps.com.
About BSMB:
BSMB invests private equity capital in compelling buyouts,
recapitalizations and growth capital opportunities alongside superior
management teams. Since its formation in 1997, BSMB has been an
investor in 67 portfolio companies. BSMB manages over $5 billion of
private equity capital. More information about BSMB is available at
http://www.bsmb.com.
Multi Packaging Solutions
Erin Willigan, 646-885-0157
erin.willigan@multipkg.com
or
Brunswick Group
Melissa Daly, 212-333-3810
mdaly@brunswickgroup.com
Copyright Business Wire 2008
