Global private equity firm Warburg Pincus has signed an agreement with Olympus Partners to purchase protective packaging materials firm Pregis.

Financial terms of the transaction were not disclosed.

Pregis president and CEO Kevin Baudhuin and the current management team will continue with the company under Warburg Pincus’ ownership.

Baudhuin said: “We are pleased to partner with Warburg Pincus to continue our strong growth that has been attained through customer-focused innovation, market development and investments.

“Backed by their extensive network of knowledgeable resources and global perspectives, we are confident that Warburg Pincus will further accelerate our future growth.

“We also want to sincerely thank Olympus for their partnership and support, which have been key to our success over the past five years.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Pregis offers protective packaging materials, equipment systems and surface protection solutions to its customers across consumer and industrial market segments, such as food, pharmaceutical, healthcare, medical devices and retail.

The company currently operates 22 manufacturing facilities across North America and Europe, with 2,250 employees working across them.

It has made six acquisitions, including Eagle Film Extruders, Easypack, Sharp Packaging Systems, 3M PolyMask, Rex Performance Products and FP International after being acquired by Olympus in May 2014.

Warburg Pincus managing director Jeffrey Goldfaden said: “Pregis has built an attractive market leadership position by providing innovative protective packaging solutions and we look forward to partnering with management to continue the company’s success.”

Under Olympus ownership, Pregis invested in multiple blown film extrusion lines at its films facility to enhance vertical integration and cater to the demand for flexible packaging, e-commerce protective material and surface protection films.