SupplyOne has taken over Compass Packaging Solutions, a packaging company in North Billerica, Massachusetts, US.
Financial terms of the deal remain undisclosed.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Established in 2011, Compass Packaging Solutions will remain under the management of its owner, Rick Meissner, after the deal is completed.
Alongside custom protective packaging, the business also handles warehousing, distribution, fulfilment and kitting services for customers across various sectors such as life sciences and defence.
Meissner said: “Joining forces with SupplyOne enables us to continue delivering on our mission while expanding the resources and capabilities we offer our customers. We are excited to begin this new chapter with a partner who shares our customer-first values.”
The deal is SupplyOne’s 48th acquisition and its third in the past three years involving a notable protective packaging business.
The move broadens its presence in North America and adds to its packaging-related service offering.
SupplyOne President and CEO Todd Renehan said: “The addition of Compass Packaging Solutions strengthens our presence in New England while adding meaningful capabilities in protective packaging, a key strategic priority for SupplyOne.
“In servicing our growing New England business, we have been impressed with Compass’s strategic customer approach. The ability to understand customers’ business needs is a key differentiating factor of SupplyOne, and Compass has also approached their business with this innovative mindset.”
In March, SupplyOne acquired US packaging distributor Specialty Packaging for an undisclosed amount.
Specialty Packaging founders Chris Orsini and Keith Streib are set to stay in their leadership positions once that transaction is finalised.
The company supplies food packaging items, including films, trays, bags and corrugated containers.
