Handgards Acquires Inno-Pak, Creating Diversified Foodservice-Solutions Platform with Multiple Growth Tailwinds
Summary
Founded in 1992 and headquartered in Delaware, Ohio, Inno-Pak is a North American leader in innovative, sustainable, high-quality food packaging for the foodservice, grocery, convenience store, and hospitality industries. “This transformational add-on bolsters our offering of innovative, sustainable solutions and demonstrates our commitment to providing our customers with an extensive portfolio of the highest quality products, best-in-class service, and leading technical capabilities.” Greg Gleason, Managing Partner of Wynnchurch, said, "Inno-Pak represents an opportunity to grow in key foodservice end markets, including grocery and convenience stores, and allows the platform to further capitalize on positive trends around substrate flexibility, consumer convenience, health and hygiene, and on-the-go consumption. In line with our original investment thesis, the acquisition of Inno-Pak adds differentiated converting and sourcing capabilities while further diversifying the consolidated platform into attractive end markets. Emerald Lake seeks to accelerate company growth and unlock potential through supportive, trusting partnerships with management teams and a proven-value creation strategy. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement.