Inovar acquisitions bolster US-wide coverage

The three businesses bring a combined 40-plus years of label industry experience to the table, with an established client base that spans the nutraceutical/sports nutrition, pharmaceutical, food and beverage, health and beauty, industrial sectors and CPGs. Key product lines include custom prime pressure-sensitive labels, printed shrink sleeves, cartons and flexible packaging.

Inovar CEO John Attayek commented: 'These acquisitions add capacity, expanded product offerings and help us serve a larger geographic area. We are excited to have these new locations on board that strengthen Inovar’s presence across the US.’

Michael Stephens, 21^st Century’s owner and president, explained: ‘The decision to partner with the Inovar team was an easy one and serves multiple purposes.  The demands of the specialty prime label market require expanded capabilities and scale while having the financial backing needed and strategic guidance from a very successful and experienced executive team. High service levels, response time and quality benefit our clients and the speed-to-market demands within their supply chain.  We are aligned on all fronts from a business culture perspective of a high performance, high reward environment while offering our employees a great place to work to expand their career ambitions.’

Inovar plans to acquire more prime label and packaging convertors in the near future in partnership with AEA Investors SBF LP, and Attayek added: ‘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 are looking for targeted label and 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 we believe there is a large section of this market that is being underserved from a personal service and delivery lead time perspective.

'Further, we are focused on extending Inovar’s reach into other major prime label markets in the Mid-Atlantic, Northeastern, 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.’

L&L covered AEA’s acquisition of Inovar here.