GenNx360 Capital Partners Announces B2B Industrial Packaging’s Acquisition of Lewis Industrial Supply Co
Portfolio Company News - February 05, 2021
New York, New York. February 5, 2021 – GenNx360 Capital Partners (“GenNx360”) is pleased to announce B2B Industrial Packaging (“B2B”) has acquired Lewis Industrial Supply Co (“Lewis”) in Harrisburg, PA along with subsidiaries Quaker City Paper and Sun Industrial Supply Co. This is B2B Industrial Packaging’s first acquisition since the platform was acquired by GenNx360 Capital Partners in October 2020.
B2B CEO Bill Drake said, “Lewis Industrial Supply will make an excellent addition to our expanding portfolio of world-class industrial packaging-related acquisitions. It aligns well with our objective of expanding into new geographic markets that will support long term organic growth.”
In addition to world class client service, Lewis Industrial Supply’s current clients will benefit from the wealth of resources that a company the size of B2B Industrial Packaging 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.
Both Lewis and B2B are committed to making the acquisition a positive experience for employees, clients, and supply chain partners.
In the last 13 years, rapidly growing B2B acquired Western Metals, Pac Fast, Empire Systems and Empire West Solutions in California; Central Packaging in Kansas; Alpine Packaging in Oregon; All Packaging in Missouri; AMW Packaging Supply in Arizona; and Lesker Corporation, Anasco, Inc, Rapid-Pac, and All Packaging, South Chicago in Illinois.
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 and Hayward, California; Portland and Eugene, Oregon; Seattle, Washington; Kansas City, Kansas; and Phoenix, Arizona.
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