BlackHawk Industrial acquires Packaging Inc.
BlackHawk Industrial announced the acquisition of Packaging Inc. of Eden Prairie, Minn.
Financial terms of the transaction were not disclosed.
Founded in 1957, Packaging Inc. is a provider of packaging and fastening equipment and supplies to customers in the Midwest, with locations in Minnesota, Wisconsin, and Iowa.
Packaging Inc. is the 11th acquisition by BlackHawk Industrial since the fall of 2010. It allows BlackHawk to deepen its technical solutions focus across a new group of product offerings in the marketplace.
Packaging’s commercial management team will continue to lead the business as product category specialists within BlackHawk, and help expand the company's efforts to grow the add-on product categories within the BlackHawk customer base.
With the acquisition of Packaging Inc., BlackHawk broadens its geographical footprint and sales penetration in the Minnesota and Wisconsin marketplaces. It also allows BlackHawk to enter Iowa with a new sales location. In the near future, Packaging Inc. will expand into existing BlackHawk locations where excess warehouse space is available. The first “co-located” facility will be in Omaha in the first quarter of 2015.
“We continue to attract and acquire the best local distributors in a given product category to become part of the business we are building in North America. By adding exciting ‘bolt-on' product categories requiring a technical sales approach, such as packaging and fasteners, in conjunction with the Packaging Inc. sales talent, we believe this is a pure win-win,” said Bill Scheller, CEO of BlackHawk Industrial.
“BlackHawk Industrial will look to the sales team from Packaging Inc. to work in partnership with our existing industrial sales team to bring a deeper set of technical solutions to our manufacturing end user customers,” Scheller added.
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