Specialty packaging distributor Innovative Packaging Company (IPC) has purchased US packaging manufacturer and distributor Landmark Packaging.

Financial terms of the transaction have not been disclosed.

Based in Colorado, Landmark produces and supplies bags, boxes, labels, and other packaging materials to businesses in the state.

IPC, which is backed by private equity firm Shore Capital Partners, supplies custom and stock packaging sectors including for food and beverage, industrial, and cannabis businesses.

The addition of the privately held company will strengthen IPC’s position as a specialty packaging company in the western US.

IPC chief executive officer Ted DeHaan said: “We are excited to welcome Landmark employees and customers to the IPC family.

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“Our core tenant is enabling customers to meet aspirational goals with world-class, reliable and customised packaging solutions.

“This partnership enables us to level-up our offering with a more robust supply chain, extensive warehouse footprint and comprehensive product offering. We are well positioned to help our customers grow and subsequently grow with them.”

Following the deal, IPC will retain Landmark’s co-founders Paul Landwehr and Jeff Kammerer to lead the business.

Meanwhile, the third founder Mark Russell, will retire from the company post transition and after supporting integration.

Russell said: “When Jeff, Paul and I set out to build Landmark, our dream was to create a lasting legacy. Partnering with IPC and Shore Capital was the right decision as it ensures that legacy for years to come.”