Coregistics has acquired all of US-based primary contract packaging services provider Cano Packaging’s assets for an undisclosed sum.
The merge of the two companies will help establish Coregistics’ presence in Chicago with immediate effect.
According to Coregistics, the united entity will also increase the company’s ability to support its diverse client base both geographically and through the acquisition of Cano’s physical assets.
Cano’s assets include high-speed cartoning, vertical form / fill / seal, high-speed pouching and overwrapping equipment.
Coregistics chief executive officer Eric Wilhelm said that the capacity for food and confectionary packaging services, such as bagging and pouching, is inadequate in the country.
"By infusing Cano’s offering with the same resources and processes that have made Coregistics a successful packaging solutions provider, we can now offer food manufacturers an even more powerful resource for increasing operational efficiency while significantly reducing their total supply chain costs," Wilhelm said.
Cano provides a ‘mission critical’ capability to food manufacturers, who do not have enough of it internally, especially when it comes to projects that need short runs, small bags or regular changeovers.
In April 2012, the packaging-centric supply chain services company Coregistics completed the acquisition of New Jersey-based Market Resource Packaging (MRP).
Following the acquisition, the company established four logistically relevant supply chain centres in Atlanta, New Jersey, Indianapolis and Memphis.
Cano operates out of the 180,000ft² facility in the Chicago suburb Wheeling, Illinois, which offers customers different confection and food industry-specific contract packaging services.