Inovar Packaging Group Expands its Presence in Texas, Florida and New England
Inovar Packaging Group, has recently completed the purchase of several label and packaging manufacturers, continuing a series of acquisitions designed to help the organization grow strategically across the United States. The company is executing on a strategic plan for growth, both organically and through acquisitions in partnership with business owners and management, building regionally based prime label and flexible packaging businesses across the country. Inovar’s mission is to serve the needs of specialty consumer and industrial products companies requiring fast response, speed-to-market and dedicated personal service while offering multiple press options and converting platforms with complex decorative capabilities.
The acquired companies include Murray Label & Printing in Dallas and 21st Century Labels & Packaging in Fort Lauderdale, Fla. Inovar also purchased the assets of SafePrints in Miami to bolster 21st Century’s capabilities, capacity and market reach in the Southeastern region in partnership with Michael Stephens. The three businesses bring a combined 40+ years of label industry experience to the table, with an established client base that spans the nutraceutical/sports nutrition, pharmaceutical, food & beverage, health & beauty, industrial sectors and CPGs. Key product lines include custom prime pressure sensitive labels, printed shrink sleeves, cartons and flexible packaging.
Inovar has also acquired LabelPrint America (LPA), based in Newburyport, Mass., in partnership with management. This is Inovar's first platform company in the New England region and adds to its existing manufacturing footprint in the Southwest region in Texas and the Southeast region in Florida. The company is executing on a strategic plan for growth, both organically and through acquisitions in partnership with business owners and management, building regionally based prime label and flexible packaging businesses across the country. Inovar’s mission is to serve the needs of specialty consumer and industrial products companies requiring fast response, speed-to-market and dedicated personal service while offering multiple press options and converting platforms with complex decorative capabilities.
Tony Yemma, LPA’s owner and CEO, is an invested partner and will join LPA/Inovar as a sales consultant and ambassador for the business. LPA’s president, Robin Hamilton, is also an invested partner and will serve as VP/GM over the New England region.
"This is a win/win for us as we enter into the next phase of our company’s future,” notes Yemma and Hamilton. "We are very excited that the LabelPrint America team will have the opportunity to work with John Attayek, CEO of Inovar, and the other members of the Inovar team. They bring much needed capital and scale to allow us to compete in the marketplace and stay on the cutting edge of technology while offering additional product offerings and services to our valued customer base as we grow with them.”
“We are grateful that both Tony and Robin think highly enough of us to trust that their customer relationships and employee associates will be maintained and enhanced with access to our extensive platform of additional capabilities and packaging solutions," Attayek says. "LabelPrint America is a great addition to our business and brings a brand and company culture that is aligned with our philosophy of a high performing environment for the benefit of our customers and employees."
LPA will continue to operate out of its’ current facility in Newburyport.
Ongoing Expansion Plan Will Include More Acquisitions
The company plans to acquire more prime label and packaging convertors in the near future in partnership with AEA Investors SBF LP (“AEA”). Attayek commented, “We pride ourselves on our ability to meet the demanding quality, service and delivery requirements of today’s fast-paced production and distribution environments. We are looking for targeted label and packaging companies, in combination with business owners and management, who align with our culture and overall strategy. We understand the complex needs of growing consumer and industrial products companies and we believe there is a large section of this market that is being underserved from a personal service and delivery lead time perspective. Further, we are focused on extending Inovar’s reach into other major prime label markets in the Mid-Atlantic, Central, and Western regions of the country. Expanding into these key areas will enhance our ability to respond quickly to serve clients of all sizes, including enterprise-class organizations with multiple locations."
