{"id":1347,"date":"2024-08-02T06:28:29","date_gmt":"2024-08-02T10:28:29","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=1347"},"modified":"2024-08-02T06:28:29","modified_gmt":"2024-08-02T10:28:29","slug":"inovar-packaging-expands-portfolio-with-kennedy-group-acquisition","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=1347","title":{"rendered":"Inovar Packaging expands portfolio with Kennedy Group acquisition"},"content":{"rendered":"


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Inovar Packaging produces labels, sleeves, and pouches for brands across various industries. Credit: Shutterstock AI Generator via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Inovar Packaging has announced the strategic acquisition of The Kennedy Group, a US-headquartered label and packaging platform.\u00a0<\/p>\n

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The company operates a network of two facilities at its headquarters in Willoughby, Ohio, and one in Levittown, Pennsylvania.\u00a0<\/p>\n

Kennedy Group offers market-tested and labelling solutions to various industries, including beverage, agriculture, and automotive.\u00a0\u00a0<\/p>\n

The acquisition signifies Inovar\u2019s tenth platform acquisition and is a key part of its expansion strategy, enhancing its presence in the Midwest and Northeast US regions.\u00a0<\/p>\n

It also brings new capabilities to Inovar such as pressure-sensitive, roll-fed, and radio-frequency identification (RFID) label technologies.\u00a0<\/p>\n

Inovar CEO Jeff Brezek said: \u201cAs we build out our platform, we continually seek opportunities to enter additional markets, attract new customers, and enhance our value as a trusted supplier by acquiring businesses that add new capabilities and production scale, while also expanding our services offering.\u00a0<\/p>\n

\u201cThe acquisition of The Kennedy Group is particularly attractive given their outstanding reputation as an innovative and customer-focused organisation.\u00a0\u00a0<\/p>\n

\u201cThis combination boosts our production and distribution capacity in new regions and extends our capabilities with additional roll-fed, pressure-sensitive, RFID, and sustainability solutions. Above all, both organisations are comprised of incredibly talented and dedicated people who make everything we do possible. We are thrilled to partner together.\u201d\u00a0<\/p>\n

Following the acquisition, Pat Kennedy and Todd Kennedy will maintain leadership roles within the business in partnership with Inovar.\u00a0\u00a0<\/p>\n

Mike Kennedy, meanwhile, will assume an advisory role, supporting both The Kennedy Group and Inovar.\u00a0<\/p>\n

Greenburg & Traurig provided legal counsel to Inovar during the transaction while Mesirow Investment Banking acted as the exclusive financial advisor to The Kennedy Group during the transaction.\u00a0<\/p>\n

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