Green Bay Packaging Inc. (GBP) has acquired Interstate Packaging Corp. located in Albert Lea, Minnesota. The acquisition is effective June 30, 2022.
Terms of the deal were not disclosed.
Interstate Packaging operates a 120,000 square feet manufacturing facility has been manufacturing custom corrugated packaging since 2009. The company provides custom corrugated boxes, custom printed cartons and oversized custom boxes for South Central Minnesota, Southwest Wisconsin, Iowa, and Eastern South Dakota markets.
"The acquisition of Interstate Packaging is a great fit for Green Bay Packaging. This acquisition gives us the opportunity to grow our business in Minnesota and Iowa," said Will Kress, Chairman and CEO of Green Bay Packaging. "Interstate Packaging has the perfect culture, workforce and strong leadership that fit the GBP model and we look forward to expanding their business and facilities."
Steve Tripp, Interstate Packaging Corp. President, noted "We always strive to provide exceptional quality and service to our customers. Our goal is simply to exceed our customers' expectations. We work hand in hand with our customers to provide innovative packaging solutions and have a nearly 100% on-time delivery rate. Green Bay Packaging complements our business philosophy, provides us access to additional tools, and gives us the opportunity to service our customers' needs on a much larger scale. I am very excited to be able to continue to lead the team at Interstate Packaging Corp."
Bryan Hollenbach, GBP Executive Vice President added, "The Interstate Packaging acquisition expands our market presence, and adds a dedicated workforce that is committed to growing the business while providing excellent service and quality to our customers. We are very excited to work more closely with the Interstate Packaging team and help them grow their business in the Minnesota and Iowa markets."
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