360Pack, a rapidly expanding privately held packaging distribution company in North America, is delighted to announce the successful acquisition of Team Packaging Inc. ("Team" or "Team Packaging"), a privately held provider of custom packaging solutions based in Colorado. The terms of the transaction have not been disclosed.

Supported by Shore Capital Partners ("Shore Capital"), a private equity firm focused on microcap investing based in Chicago, 360Pack merges local expertise with global reach to offer intelligent packaging distribution solutions that enhance customers' profitability, streamline efficiency, and foster overall business growth. The collaboration with Team Packaging represents 360Pack's third acquisition and reinforces the platform's prominence as a premier full-service packaging solutions provider in the Western United States.

Founded by Mike Anderson and Becki Charchenko in 2003, Team Packaging is a top-tier custom packaging distribution business headquartered in Aurora, Colorado. It provides an array of services, including flexible and fiber-based packaging, labels, equipment, supply chain management, logistics, warehousing, and custom design, serving clients in sectors such as food production, meat processing, retail grocers, and other industries. Anderson will continue to lead Team Packaging's commercial strategy moving forward.

Anderson expressed enthusiasm about the partnership, stating, "We are excited to collaborate with Kate Stock and the entire 360Pack team in this new phase for our business. The unique partnership model of 360Pack and Shore Capital Partners resonated with us, as it allows us to maintain outstanding customer service while expanding our offerings through innovation and further investments in our existing operations."

Kate Stock, CEO of 360Pack, highlighted their commitment to customer growth, stating, "At 360Pack, we forge partnerships with our customers to propel them into the next phase of expansion, delivering what they require precisely when they need it and at the right cost. We are thrilled to welcome Mike Anderson, Becki Charchenko, and the skilled personnel at Team Packaging into our fold – our collaboration enhances virtually every aspect of our combined enterprises, from end-market expertise to product knowledge and services provided. Our combined resources position us better to formulate intelligent solutions that foster growth and profitability for our clients."

Collectively, 360Pack and Shore Capital will remain actively engaged in exploring opportunities for organic growth and strategic alliances.

Richard Boos, Partner at Shore Capital, expressed pride in the partnership, stating, "We are exceptionally pleased that Mike and Becki have chosen to partner with 360Pack and Shore Capital. We look forward to equipping Team Packaging with the necessary resources to expand more extensively, robustly, and swiftly. With our combined efforts, we are confident in achieving remarkable accomplishments within the packaging sector."

 

Source:businesswire.com

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