Georgia-Pacific announced today that it has acquired Excel Displays & Packaging, based in Aurora, Illinois. The acquisition includes a state-of-the-art converting plant in Aurora; sales and design office in Bentonville, Arkansas; and a minority interest in Five Star Sheets sheet feeder consortium in New Carlisle, Indiana. Terms of the deal are not disclosed.
"This acquisition supports our commitment to help our customers build their brands by bringing new capability in point-of-purchase displays, digital print capability that complements our current print offering, and an additional converting plant," said Billy Medof, president – GP Corrugated. "Excel has a highly regarded team and a reputation for quality packaging and innovative displays. We are excited to welcome them to the GP Corrugated team and look forward to enhancing the solutions we bring to our customers."
Established 1989, Excel is an innovative designer and manufacturer of award-winning point-of-purchase displays, high-graphic retail packaging, in-store signage and industrial packaging. The approximately 120 employees are now part of Georgia-Pacific.
Excel's founder and CEO, Michael Mikula, describes the acquisition as a perfect fit. "Excel Displays & Packaging brings to the table industry-leading investments in high-speed digital printing, patented club-store packaging (the X Card®), leading-edge shopper marketing intelligence, and a world-class manufacturing facility and design center. As our growth and national presence accelerated over the past several years, we were looking for a company that could take our investments, grow them further, and provide access to a larger customer base that can benefit from all that Excel has to offer. I'm proud of everything we've built, and I'm confident that GP will make the Excel brand even stronger."
Mesirow Financial acted as the exclusive financial advisor to Excel.
About Georgia-Pacific Corrugated
Georgia-Pacific is a recognized leader in innovative, customer-focused packaging solutions. The company maintains a commitment to safety, sustainability and consistent quality in its manufacture of high graphic and traditional corrugated packaging, with brands such as CubeLogic® Greenshield®, Color-Box® Litho-Corr™ and Brand Ready Packaging®. The company's Innovation Institute® simulates retail and packaging environments, allowing customers to experience sustainable innovation and novel package design solutions in action. For more information visit www.gpcorrugated.com.
Source : prnewswire.com