Specialized Packaging Group (SPG), a leading, vertically integrated provider of protective packaging solutions, today announced the acquisition of the Monterrey, Mexico-based assets of ArkPack de Mexico (ArkPack). ArkPack provides custom-designed corrugated packaging and foam fabrication solutions for a diverse array of end markets, including technology, automotive, and general industrial products.

The acquisition will enhance SPG's broad North American footprint by expanding its geographic reach into one of the fastest-growing markets in Mexico while adding to its 1,500-person workforce. ArkPack will continue to operate in its other locations in Tijuana and Juarez, Mexico.

"We are very excited about the addition of ArkPack's Monterrey, Mexico-based fabrication facility to our footprint, as it represents a key milestone in our strategic vision for the expansion of SPG. This facility will enable us to better serve a broader customer base in a fast-growing market and reinforce our commitment to growth and operational excellence," said Paul Budsworth, CEO of SPG.

"This acquisition is not just an expansion, but a valuable long-term investment that will yield increased revenue streams, strengthen our North American presence, and position us well for future opportunities. We look forward to bringing the ArkPack Monterrey team fully on board and integrating them into our footprint, while providing high-quality packaging solutions to a diverse customer base. We are excited about the opportunities this partnership brings to our customers and team members."

SPG is one of North America's largest independent protective packaging solutions providers and is a portfolio company of Altamont Capital Partners. This addition represents the ninth acquisition for the SPG portfolio since Altamont Capital Partners' investment in 2020.

 

Source: prnewswire.com

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