GenNx360 Capital Partners Announces Pacteon’s Acquisition of Phoenix Stretch Wrappers
Portfolio Company News - April 01, 2021
New York, New York. April 1, 2021 – GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm, is pleased to announce that its portfolio company, Pacteon, has acquired Quebec-based Phoenix Wrappers (“Phoenix”). The addition of Phoenix Wrappers brings state-of-the-art stretch wrapping technology into Pacteon’s portfolio and expands its packaging line integration capabilities.
Phoenix is a premier supplier of semi- and fully-automatic stretch wrapping equipment. With over twenty-five years of design and manufacturing experience, coupled with a customer-centric approach, Phoenix has become an industry leader in the automation segment. Headquartered in Laval, Quebec, Phoenix’s focuses on continual line improvement and new product development to ensure partners are receiving a competitive product that can adapt to future growth and market changes.
Phoenix CEO, Graham Nicholson, is enthusiastic about the opportunity. “As we advance into our next phase of strong growth, we are extremely excited to be joining the Pacteon family. Our move to being a dominant player in this market becomes even more evident with this financial support and partnership.”
Pacteon CEO, Bob Brotzki, says of the acquisition, “Phoenix Wrappers has shown to be a dynamic leader in its market and is clearly a growth leader. Its strategic partnerships with its distribution and OEM sales channels have helped facilitate this growth and we see these partnerships as only growing stronger.”
Pacteon Group provides a one source touch for best-in-class automation companies focused around packaging line solutions, providing a superior level of customer experience. Through a broad range of robotic and non-robotic equipment, its ability to integrate solutions seamlessly across portfolio companies, and full sales and service coverage, Pacteon is uniquely positioned to design flexible and custom solutions for your automation needs. For more information on Pacteon, please visit www.pacteon.com
About GenNx360 Capital Partners
GenNx360 Capital Partners is a private equity firm focused on acquiring middle market business services and industrial companies. We invest in companies with proven and sustainable business models in expanding industries with the objective of implementing the required operating changes to deliver cost efficiencies, accelerate growth, and generate strong financial returns. Target industries include business & industrial services, automation & industrial technology, packaging products, industrial machinery and components, equipment services, environmental services, and food ingredients/equipment/services. GenNx360 was founded in 2006 and is headquartered in New York City. www.gennx360.com
For media inquiries, please contact:
GenNx360 Capital Partners
Carmen Rojas, Director of Investor Relations
Tel: +1 212.257.6772