GenNx360 Capital Partners Announces B2B Industrial Packaging’s Partnership with Oak Paper Products Company, Inc
Portfolio Company News - December 15, 2022
New York, New York. December 15, 2022 – GenNx360 Capital Partners (“GenNx360”) is pleased to announce its portfolio company B2B Industrial Packaging (“B2B”) has welcomed Oak Paper Products Company, Inc. (“Oak Paper”) to its portfolio of companies. Oak Paper is the twelfth company to become part of the B2B Industrial Packaging family since GenNx360’s investment in the platform in October 2020.
Founded in 1946 and located in Greater Los Angeles, Oak Paper specializes in the sale and distribution of corrugated paper products with four specialty divisions: creative services, janitorial and sanitary, wine packaging, and agricultural packaging. With its strong commitment to environmental initiatives and eco-friendly products, the company is an industry leader in the drive toward sustainability.
Oak Paper CEO David Weissberg said, “The current ownership team at Oak Paper Products Company, Inc. will remain active investors in and managers of the business, with the added benefit of B2B Industrial Packaging as a partner, giving us the opportunity to become the premier paper and packaging supplier in the industry. Oak Paper Products Company, Inc. and all divisions will continue to be branded as they are today, and our names and branding will not change for the customers we serve. This exciting partnership will also afford our employees some benefits which are superior to what is in place today.”
Oak Paper clients will be able to take advantage of B2B Industrial Packaging’s nationwide distribution network and access to the industry’s most trusted channel partners. Other benefits include an ever-expanding range of industrial packaging products backed by the kind of personal service a neighborhood business typically provides.
B2B Industrial Packaging CEO, Bill Drake, said, “We are very pleased to have the opportunity to serve Oak Paper Products Company, Inc. clients and work with their channel partners. Our goal is to bring personalized service and value to everything we do. Oak Paper Products’ excellent industry reputation has given us a significant head start in both regards. Everyone affected by this partnership can expect great things ahead.”
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. and Agawam, Massachusetts.
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.
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GenNx360 Capital Partners
Carmen Rojas, Director of Investor Relations