GenNx360 Capital Partners Announces B2B Industrial Packaging’s Acquisition of Fibers of Kalamazoo
Portfolio Company News - February 16, 2021
New York, New York. February 16, 2021 – GenNx360 Capital Partners (“GenNx360”) is pleased to announce its portfolio company, B2B Industrial Packaging (“B2B”), has acquired Fibers of Kalamazoo (“Fibers”) in Kalamazoo, MI. Fibers is B2B’s second add-on acquisition in just 4 months since GenNx360’s investment in the platform on October 8, 2020.
B2B President and CEO. Bill Drake, said, “Fibers of Kalamazoo joins a world-class roster of industrial packaging-related companies that make up the rapidly expanding B2B Industrial Packaging portfolio. We have an experienced acquisition team on hand that understands how to facilitate acquisitions and make the experience as seamless as possible for leadership, employees, clients and channel partners. The bottom line is that everyone involved will only notice good things.”
In addition to outstanding client service, Fibers’ current clients will benefit from the wealth of resources that a company the size of B2B brings to the table. This includes a large bench of industry experts and long-term partner relationships with some of the world’s leading industrial packaging tool and supply manufacturers.
Fibers of Kalamazoo has been serving Michigan with excellent products, expertise and honest customer service for 35 years. The acquisition will only magnify those great qualities. Both Fibers and B2B are committed to making the acquisition a beneficial experience.
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; Salinas, Hayward, and Los Angeles, California; Portland and Eugene, Oregon; Seattle; Kansas City, Kansas; and Phoenix, Arizona. www.B2Bind.com
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