Inovar Packaging Acquires The Kennedy Group
2024年8月1日 - 11:22PM
ビジネスワイヤ(英語)
Addition of Innovative Label Printer Expands
Capabilities in Key Sectors and Broadens Market Presence in Ohio
and Pennsylvania
Inovar Packaging Group, LLC (“Inovar”) has acquired The Kennedy
Group, LLC (“The Kennedy Group”), a premier label and packaging
platform with two facilities based in Willoughby, OH and one in
Levittown, PA. The acquisition marks a significant milestone in
Inovar’s growth strategy, as this is its tenth platform
acquisition, and it further expands Inovar’s presence in the
Midwest and Northeast regions.
The Kennedy Group, which has a well-known reputation for being a
highly innovative, customer-focused, and employee-oriented
business, primarily focuses on serving mid-sized and large accounts
in the beverage, agriculture, automotive, food, supply chain,
healthy & beauty, industrial, and household industries. It adds
significant capabilities to the Inovar platform that includes
industry-leading pressure sensitive, roll-fed, and RFID label
capabilities. Additionally, their talented and experienced
leadership team will help continue to bolster the leadership team
currently at Inovar.
“As we build-out our platform, we continually seek opportunities
to enter additional markets, attract new customers, and enhance our
value as a trusted supplier by acquiring businesses that add new
capabilities and production scale, while also expanding our
services offering,” said Jeff Brezek, CEO of Inovar. “The
acquisition of The Kennedy Group is particularly attractive given
their outstanding reputation as an innovative and customer focused
organization. This combination boosts our production and
distribution capacity in new regions and extends our capabilities
with additional roll-fed, pressure sensitive, RFID, and
sustainability solutions. Above all, both organizations are
comprised of incredibly talented and dedicated people who make
everything we do possible. We are thrilled to partner
together.”
Founded in 1974 by Bert Kennedy and Mary Lou Kennedy, The
Kennedy Group is led today by Bert and Mary Lou’s sons, Mike
Kennedy, Pat Kennedy, and Todd Kennedy.
Pat and Todd Kennedy, along with the rest of The Kennedy Group
leadership team, will continue to run the business in partnership
with Inovar. Mike Kennedy will continue to support The Kennedy
Group and Inovar in an advisory role. They are confident that
Inovar is the right fit for their customers and employees to work
with during the company’s next phase of growth. "We are excited to
bring The Kennedy Group’s 50 years of industry leadership to
partner with Inovar. We believe combining these two companies under
one platform creates a best-in-class organization for our valued
customers, employees, and the label industry overall," stated the
brothers.
Greenburg & Traurig, LLP served as legal counsel to Inovar,
and Mesirow Investment Banking was the exclusive financial advisor
to The Kennedy Group on this transaction.
About Inovar Packaging Group
Headquartered in Dallas, Texas, with 11 locations nationwide,
Inovar Packaging Group is recognized for producing innovative prime
labels, shrink sleeves, and extended content solutions for some of
the nation’s top brands. Inovar is committed to delivering
meaningful value to its customers, creating a great workplace for
its employees, and maintaining transparent long-term relationships
with its partners. These efforts aim to drive sustainable,
market-leading growth for the company.
About The Kennedy Group
Headquartered in Willoughby, Ohio, with two sites in Ohio and
one site in Levittown, Pennsylvania, The Kennedy Group is a family
owned and operated business since 1974. A leader in providing
market-tested and innovative labeling solutions to help customers
package, promote, identify, and track their products. The Company
builds long-term strategic relationships with its customers,
provides a collaborative work environment for all its valued
employees to thrive, and a philosophy of continuous improvement in
all that they do.
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version on businesswire.com: https://www.businesswire.com/news/home/20240801779215/en/
Media: Claire Hieronymus Resilere
Partners 301-502-6330 chieronymus@resilere.com