SUPPLYONE ACQUIRES INDUSTRIAL PACKAGING CORPORATION
Newtown Square, Pennsylvania, February 1, 2017 SupplyOne Inc., the Newtown Square, Pennsylvania-based consolidator of specialty packaging manufacturers, packaging equipment and supply distributors, announced today it has acquired Industrial Packaging Corporation (IPC) headquartered in Atlanta, GA.
Founded in 1950, Industrial Packaging Corporation was built on the principles of treating their customers as they like to be treated. Over the years, many referred to the company as simply, IPC, which is a brand that reflects honesty, respect and accountability as the cornerstones of their business philosophy. Finding a true business partner is essential. The IPC team is 100% committed to listening to our customers and being that trusted partner.
Mark Lichtenstein, President of Industrial Packaging Corporation said, “We’ve been very impressed with SupplyOne’s capabilities, depth of product offering and commitment to programs that improve their customers’ cash flow and profitability. This is a very exciting time. I am confident that SupplyOne will equip our employees and our customers with the resources and expertise to achieve the next level of success.”
William T. Leith, President and CEO of SupplyOne said, “We are very excited to have IPC in our growing national footprint of packaging companies. IPC is built on a strong foundation of great people, excellent customer relationships and outstanding service. I have respected IPC for many years and watched their consistent growth in the Atlanta market. It is a perfect fit, and ideal complement to our operating culture, and we look forward to working closely with our new customers, sales professionals and colleagues.”
This acquisition continues SupplyOne’s growth strategy of acquiring profitable companies who are recognized leaders in their local market. We pledge to our customers they will continue to receive the same high standards of quality and service they have received in the past. We ask for your continued support and confidence as we continue our commitment to be the Leader in Packaging Solutions.