Inovar Packaging Group Acquires Precision Label
Inovar Packaging Group, LLC has recently completed its acquisition of Precision Label, Inc. in Oceanside, CA in partnership with the existing Precision Label management team. This is Inovar’s sixth platform company and adds to its existing manufacturing footprint in Dallas, TX, Boston, MA, Ft. Lauderdale, FL, Milwaukee, WI and Kansas City, KS. The company is executing on a strategic plan for growth, both organically and through acquisitions in partnership with business owners and management, building a regionally based prime label and flexible packaging business across North America. Inovar’s mission is to serve the needs of specialty consumer and industrial products companies who value short lead times, innovative solutions, technical support and local service while also offering multiple locations and production options for redundancy and flexibility. “We are extremely excited to have Precision Label join the Inovar family” said Jeff Brezek, Executive Chairman and CEO of Inovar Packaging. “Co-owners Pete Krudwig and Joe Feeley have built a truly differentiated label business over the last 23 years. They provide industry-leading customer service and continuously push the boundaries with innovative solutions and services. In addition, we couldn’t have found better partners in Pete and Joe and are thrilled to have them continue to lead what will now be Inovar’s flagship West Coast location.” Brezek added.
Pete Krudwig will continue to lead sales & marketing for the Precision Label platform. “I am very proud to join the Inovar team and believe this union is a great match of two highly culturally-aligned organizations. By joining Inovar, we believe this sets up both companies extremely well for our next phase of growth”, Krudwig said. Joe Feeley will continue to lead operations for Precision Label. “It’s been a rewarding journey building the Precision Label brand. Finding the right partner as we move into the future was critical for us, and Inovar is a perfect match. We believe our combined capabilities and scale within one platform will help us drive industry-leading results for both our customers and employees,” Feeley added.
Founded in 1998 in Oceanside, CA, Precision Label was established with the goal of consistently delivering value to its customers. With over 23 years of experience serving the personal care, food and beverage and nutrition sectors, Precision Label understands the ever-changing needs of its customers. Precision Label is dedicated to delivering high-quality innovative solutions, flexible and timely responsiveness, and a commitment to mutual success with its customers.
Ongoing Strategic Investments
Inovar, in partnership with AEA Investors, will continue to make strategic investments in all areas of the business to meet the demanding quality, service, and delivery requirements of today’s fast-paced production and distribution environments. “We understand the complex and ever-changing needs of growing consumer and industrial products companies and are committed to increasing our value-added offering and expanding our geographic reach to meet those needs,” said Jeff Brezek.
The preceding press release was provided by a company unaffiliated with Packaging Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of Packaging Impressions.