Inovar Packaging Group has acquired Topp Labels, boosting its ability to serve the markets in Florida and Southeastern US.
Headquartered in Dallas, Texas, Inovar is a specialty converter of prime labels, shrink sleeves and flexible packaging products. It serves blue-chip customers within a diverse set of end-use markets including, among others, health and personal care, sports nutrition/nutraceuticals, industrial products, pet food and supplies, and food and beverage.
Topp, located in Miami, Florida, is a custom manufacturer of pressure-sensitive prime labels and flexible packaging products.
John Attayek, Inovar CEO, said: ‘Topp Labels provides an excellent tuck-in acquisition for our Florida platform in Fort Lauderdale that mirrors our core competencies in high-end flexographic and digital prime label and flexible packaging solutions.
‘The addition of Topp’s seasoned sales executives with over 70 combined years in the label industry and experienced production employees, coupled with our excellent staff in Fort Lauderdale, will further bolster our ability to serve the Florida and Southeastern US market with the very best in customer service and label and packaging products to drive their brands.’
Inovar plans to acquire more prime label and flexible packaging converters in the near future in partnership with AEA Investors SBF LP. Inovar is a portfolio company of AEA Investors LP.
Attayek continued: ‘We pride ourselves on our ability to meet the demanding quality, service and delivery requirements of today’s fast-paced production and distribution environments. We seek label and flexible packaging companies in combination with business owners and management who align with our culture and overall strategy. We understand the complex needs of growing consumer and industrial products companies and believe there is a large section of this market that is being underserved from a personal service and speed-to-market perspective.
‘Further, we are focused on extending Inovar’s reach into other major prime label markets in the mid-Atlantic, Central, and Western regions of the country. Expanding into these key areas will enhance our ability to respond quickly to serve clients of all sizes, including enterprise-class organizations with multiple locations.’