GenNx360 Capital Partners Announces B2B Industrial Packaging’s Acquisition of Next Press
Portfolio Company News - January 23, 2023
New York, New York. January 23, 2023 – GenNx360 Capital Partners (“GenNx360”) is pleased to announce its portfolio company, B2B Industrial Packaging (“B2B”), has acquired Next Press, located in Mahwah, New Jersey. Next Press is B2B’s thirteenth acquisition since GenNx360’s investment in the platform in October 2020.
Next Press, founded in 1997, is a logistics company focused on solving clients’ packaging-related needs. The company, specializing in corrugated products, has an in-house design team and printing capabilities to create customized innovative and functional packaging. Next Press provides samples of custom packaging and handles small production runs in-house, all with the goal of supporting clients’ marketing efforts.
B2B CEO, Bill Drake, said, “Next Press is an incredible company with a great management team. We are aware of the high level of service Next Press clients and channel partners have become accustomed to. Our goal is to surpass it in every regard.”
With the acquisition, Next Press clients will be able to take advantage of a broad range of industrial packaging products from thoroughly vetted channel partners. All of this is backed by a coast-to-coast distribution network.
“We want all of our clients to think of us as ‘Your National Neighbor’,” Drake added. “This means they can expect both friendly, personalized service and access to vast resources.”
About B2B Industrial Packaging
Servicing more than 17,000 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 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 Phoenix, Arizona; Houston and Fort Worth, Texas; Seattle, Washington; Los Angeles, Salinas, Hayward and Sacramento, California; Portland, Eugene, and Albany, Oregon; Kansas City and Shawnee, Kansas; Kalamazoo, Michigan; Harrisburg, Pennsylvania; Oregon, Illinois; Agawam, Massachusetts and Mahwah, New Jersey.
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