Flexpak Acquires Preferred Packaging Products in Colorado - Modern Distribution Management

Flexpak Acquires Preferred Packaging Products in Colorado

The combination creates a 'premier regional platform' serving Utah, Colorado, Arizona and Idaho, Shorehill Capital said.
flexpak-truck-infront-of-building

Woods Cross, Utah-based packaging supplies provider Flexpak LLC has completed its acquisition of Thornton, Colorado-based Preferred Packaging Products, Inc., according to a Feb. 6 announcement from private-equity firm Shorehill Capital LLC.

Preferred distributes corrugated, custom foam, poly bags, wood crating, bubble, stretch wrap, tapes and labels.

“We are delighted to welcome Bob Abbott and the Preferred team into the Flexpak family,” said Flexpak CEO Brian Kellen. “Preferred and Flexpak share similar cultures and take great pride in providing superior customer service and customized packaging solutions to our customers. We look forward to continued growth in Colorado and expanding the set of specialized capabilities offered to Preferred’s customers.”

MDM’s M&A Virtual Summit, to be held Feb. 22-23, has something to offer for any distributor on the dealmaking spectrum. We’ll cover the current state of M&A; how to maximize valuation; integration do’s and don’ts; ESOPs; the culture side of the M&A process; and more. Get details and register here.

Flexpak’s acquisition of Preferred is “consistent with its strategy to expand its geographic presence throughout the Mountain West region of the United States,” Shorehill Capital said in its announcement.

“We are excited to partner with the Preferred Packaging team to expand Flexpak into Colorado,” said Charlie Denison, Managing Director at Shorehill Capital. “Preferred is an impressive company with deep expertise in packaging design and customized solutions. Going forward, the combined company is well-positioned to continue to expand its capabilities and geographic presence through acquisitions and organic growth.”

In July 2022, Flexpak expanded its presence in the Mountain West region by acquiring ACE Packaging, a distributor and supplier of packaging products headquartered in Phoenix. One year earlier, Shorehill Capital announced its plans to make a strategic investment in Flexpak.

See MDM’s Investment Bank Directory for a rundown of the key investment banks and advisory firms in the distribution sector.

 

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!