GenNx360 Capital Partners Announces B2B Industrial Packaging’s Acquisition of Allen Packing Company
Portfolio Company News - July 26, 2021
New York, New York. July 26, 2021 – GenNx360 Capital Partners (“GenNx360”) is pleased to announce its portfolio company, B2B Industrial Packaging (“B2B”), has acquired Allen Packaging Company (“Allen”) in Tustin, California. Allen Packaging is B2B Industrial Packaging’s fourth acquisition since GenNx360’s investment in the platform on October 8, 2020.
B2B Industrial Packaging CEO, Bill Drake, said, “Allen Packaging has an excellent reputation built over four decades in this industry and we are pleased that they are joining the B2B Industrial Packaging team. Allen Packaging’s employees, clients and channel partners can expect all the benefits that B2B Industrial Packaging has traditionally offered including excellent support, knowledgeable account executives and innovative services.”
Allen Packaging Company has 40 years of expertise in the packaging industry with a focus on corrugated products, poly bags, and stretch film. As with B2B Industrial Packaging, the company is recognized for its experience, inventory, integrity and client service. Allen Packaging Company’s current clients will benefit from the additional resources that B2B Industrial Packaging offers; including a broad portfolio of products, long-term channel partner relationships and world-class client service.
About B2B Industrial Packaging
Servicing more than 6,000 active clients, B2B Industrial Packaging sells a full range of packaging equipment and supplies including steel strapping, stretch film, and fasteners to clients throughout the U.S. and Mexico. B2B Industrial Packaging is unique in that it also operates three state-of-the-art strapping and fastener tool repair facilities that service the entire U.S. Headquarters are in Addison, Illinois with additional locations in Fort Worth and Houston, Texas; Los Angeles, Salinas, Hayward and Sacramento, California; Portland and Eugene, Oregon; Seattle, Washington; Kansas City, Kansas; Phoenix, Arizona and Allentown and Harrisburg, Pennsylvania.
About GenNx360 Capital Partners
GenNx360 Capital Partners is a private equity firm focused on investing in middle market business services and industrial companies. GenNx360 partners with companies having proven and sustainable business models in expanding industries, with the objective of implementing and supporting value enhancing organic and inorganic initiatives to accelerate growth, deliver efficiencies and generate strong financial returns. GenNx360 was founded in 2006 and is headquartered in New York City. For more information, please visit www.gennx360.com.
For media inquiries, please contact:
GenNx360 Capital Partners
Carmen Rojas, Director of Investor Relations