GenNx360 Capital Partners Announces B2B Industrial Packaging’s Acquisition of Master Packaging Solutions
Portfolio Company News - June 10, 2021
New York, New York. June 10, 2021 – GenNx360 Capital Partners (“GenNx360”) is pleased to announce its portfolio company, B2B Industrial Packaging (“B2B”), has acquired Master Packaging Solutions (“Master”) of Sacramento, CA. This is B2B’s third acquisition in eight months since GenNx360’s investment in the platform on October 8, 2020.
B2B Industrial Packaging CEO, Bill Drake, said, “We are very enthusiastic about bringing Master Packaging Solutions onboard. They have the capabilities and, more importantly, the outstanding industry reputation that we look for in acquisitions.”
Master Packaging Solutions has 32 years of expertise in the packaging industry, with a focus on plastic strapping and stretch wrapping systems. As with B2B, the company is recognized for its experience, inventory, integrity and client service.
Master Packaging Solutions’ current clients will benefit from the additional resources that B2B Industrial Packaging brings to the table; 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; Salinas, Hayward, and Los Angeles California; Portland and Eugene, Oregon; Seattle, Washington; Kansas City, Kansas; Phoenix, Arizona 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