Inovar Packaging Group Acquires ModTek
Inovar Packaging Group, LLC (“Inovar”), a provider of innovative and sustainable label printing and packaging solutions, has acquired ModTek LLC, a regional prime label producer based in Pennsauken Township, NJ, just outside Philadelphia. The acquisition, which further strengthens Inovar’s position in the Northeast, marks another milestone in Inovar’s growth strategy, representing its 11th platform acquisition.
ModTek specializes in pressure-sensitive and extended content labels, serving industries such as food & beverage, craft beer, wine, and spirits, and consumer durable goods. With advanced flexographic, digital, and hybrid printing capabilities, as well as premium embellishments like hot stamping and embossing, ModTek adds significant capabilities to the Inovar platform, which already includes industry-leading pressure-sensitive, roll-fed, and RFID label solutions.
“As part of our ongoing efforts to expand and innovate, we are constantly looking for opportunities to enter new markets, attract new customers, and enhance our capabilities through strategic acquisitions,” said Jeff Brezek, CEO of Inovar. “The acquisition of ModTek not only strengthens our position across a range of preferred end markets but also increases our production and distribution capacity in a key region. It also allows us to offer additional solutions, including roll-fed, pressure-sensitive, RFID, and sustainability options. Most importantly, this acquisition brings together two talented teams, and we are excited to collaborate with them moving forward.”
Shawn Borman, who started ModTek in 2006 alongside his mother, Vicki Wilkinson, and took over sole ownership in 2019, will continue to lead the business in its next phase of growth in partnership with the Inovar team. Key to Shawn in finding the right partner for the future of ModTek was identifying a team that shared his core values. Shawn mentioned, “ModTek and Inovar share deep alignment in what is core to our on-going success, and that is a continued emphasis on taking great care of our customers, our employees, and our partners. I’m really looking forward to all the success and value our combined companies will be able to achieve.”
The preceding press release was provided by a company unaffiliated with Packaging Impressions. The views expressed within may not directly reflect the thoughts or opinions of the staff of Packaging Impressions.
