GenNx360 Capital Partners Announces B2B Industrial Packaging’s Acquisition of Springfield Corrugated Box
Portfolio Company News - July 18, 2022
New York, New York. July 18, 2022 – GenNx360 Capital Partners (“GenNx360”) is pleased to announce its portfolio company, B2B Industrial Packaging (“B2B”), has acquired Springfield Corrugated Box (“Springfield”) in Agawam, Massachusetts. Springfield Corrugated Box is B2B Industrial Packaging’s tenth acquisition since GenNx360’s investment in the platform in October 2020.
Springfield has been a full-service provider of corrugated products since 1979. The business is rooted in a commitment to strong client relationships and satisfied employees. The mission of Springfield is to consistently provide the highest quality services in corrugated products and shipping supplies. The company, along with B2B, adheres to quality standards that are unsurpassed in the industry.
B2B CEO, Bill Drake said, “This acquisition will allow us to provide more resources to our current East Coast clients, while enhancing the services Springfield Corrugated Box clients have always enjoyed. As with every acquisition, we are laser-focused on ensuring that clients and employees only experience positive changes. One aspect that will not change is the unwavering dedication to excellence that both companies embody.”
Springfield President Bern Goodman said, “Our management team, support staff and our valued employees are all excited about the merger with B2B Industrial Packaging and are here to continue to service and support all of our valued customers and vendors better than ever.”
Springfield clients will enjoy B2B’s nationwide distribution network and strong portfolio of channel partners along with a much larger product selection and more comprehensive services. In keeping with B2B’s commitment to being “Your National Neighbor”, Springfield clients will continue to receive the same individual attention they have come to rely on.
About B2B Industrial Packaging
Servicing more than 17,000 active clients, B2B Industrial Packaging sells a full range of packaging equipment and supplies including steel strapping, stretch film, and fasteners to clients throughout the U.S. and Mexico. B2B Industrial Packaging also operates three state-of-the-art strapping and fastener tool repair facilities that service the entire U.S. Headquarters are in Addison, Illinois with additional locations in Phoenix, Arizona; Houston and Fort Worth, Texas; Seattle, Washington; Los Angeles, Salinas, Hayward and Sacramento, California; Portland, Eugene, and Albany, Oregon; Kansas City and Shawnee, Kansas; Kalamazoo, Michigan, Harrisburg, Pennsylvania; Oregon, Illinois and Agawam, Massachusetts.
About GenNx360 Capital Partners
GenNx360 Capital Partners is a private equity firm focused on investing in middle market business services and industrial companies. GenNx360 partners with companies having proven and sustainable business models in expanding industries, with the objective of implementing and supporting value enhancing organic and inorganic initiatives to accelerate growth, deliver efficiencies and generate strong financial returns. GenNx360 was founded in 2006 and is headquartered in New York City. For more information, please visit www.gennx360.com.
For media inquiries, please contact:
GenNx360 Capital Partners
Carmen Rojas, Director of Investor Relations