Protective packaging manufacturer Pregis Corp., based in Deerfield, said it has acquired Inter-Pac Inc., based in Tupelo, Miss., for an undisclosed amount.
The acquisition will make Pregis the largest producer of polyethylene sheet foam in the United States, the company said in a release.
"We are pleased to add Inter-Pac's Tupelo facility to Pregis' manufacturing footprint. Its geographic location will be an asset in servicing the protective packaging needs of our East Coast customers. This investment is the latest example of our commitment to our growth strategy," said Pregis President and Chief Executive Officer Kevin Baudhuin.
Pregis will continue to operate Inter-Pac's 180,000 square foot Tupelo manufacturing facility. Its 25 employees will be joining Pregis' 2,000-member worldwide team.
"We believe that this transaction will benefit our customers across all segments and channels. This includes markets such as furniture, housewares, electronics, automotive, industrial and recreational products. We will also be able to bring a much wider product portfolio to Inter-Pac's existing customers," said Baudhuin.