Specialized Packaging Group Completes Acquisition of Pacific Pulp Molding
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Specialized Packaging Group (SPG), a vertically integrated provider of protective packaging products, announced that the company has acquired San Diego, California-based Pacific Pulp Molding, Inc. Pacific Pulp is a manufacturer of molded pulp and molded fiber products.
The acquisition will enhance SPG's existing capability set in its ProtecPac division, expanding the company's product offerings and geographic reach while adding approximately 50 employees to its 1,600-person workforce.
Pacific Pulp leadership and the company's full workforce will continue to operate in their current locations in San Diego and Tijuana, Mexico.
"The addition of Pacific Pulp to our ProtecPac division means we will be adding world-class molded pulp and molded fiber capabilities to an operation that is already an industry leader," said SPG CEO Paul Budsworth. "We are excited to strengthen our presence in the growing sustainable packaging market, allowing us to better serve our customers."
Pacific Pulp President John McNeil, said, "Over the last several years, Pacific Pulp has grown by focusing on highly engineered molded pulp and molded fiber solutions geared towards adding more sustainable packaging products to our customers' global supply chains. With SPG, we have found a partner that shares our vision and has the resources to accelerate our growth plans in new and existing markets."
