Inovar Packaging Group has acquired California-based Precision Label in partnership with the existing management team to further expand its presence in the West Coast. This is Inovar’s sixth platform company added to its manufacturing footprint.
The company is executing a strategic growth plan, both organically and through acquisitions in partnership with business owners and management, building a regionally based prime label and flexible packaging business across North America. The recent addition is Inovar’s sixth platform company added to its existing manufacturing footprint in Dallas, TX, Boston, MA, Ft. Lauderdale, FL, Milwaukee, WI, and Kansas City, KS.
‘We are extremely excited to have Precision Label join the Inovar family,’ said Jeff Brezek, executive chairman and CEO of Inovar Packaging. ‘Co-owners Pete Krudwig and Joe Feeley have built a truly differentiated label business over the last 23 years. They provide industry-leading customer service and continuously push the boundaries with innovative solutions and services. In addition, we couldn’t have found better partners in Pete and Joe and are thrilled to have them continue to lead what will now be Inovar’s flagship West Coast location.’
Pete Krudwig, who will continue to lead sales and marketing for the Precision Label platform, commented: ‘I am very proud to join the Inovar team and believe this union is a great match of two highly culturally aligned organizations. By joining Inovar, we believe this sets up both companies extremely well for our next phase of growth.’
‘It’s been a rewarding journey building the Precision Label brand,’ added Feeley. ‘Finding the right partner as we move into the future was critical for us, and Inovar is a perfect match. We believe our combined capabilities and scale within one platform will help us drive industry-leading results for both our customers and employees.’
Inovar, in partnership with AEA Investors, will continue to make strategic investments in all areas of the business to meet the demanding quality, service, and delivery requirements.
‘We understand the complex and ever-changing needs of growing consumer and industrial products companies and are committed to increasing our value-added offering and expanding our geographic reach to meet those needs,’ concluded Brezek.