Victory buys Network Packaging

By Frank Antosiewicz
Correspondent

Published: June 4, 2014 3:01 pm ET
Updated: June 4, 2014 3:05 pm ET

Related to this story

Topics Mergers & Acquisitions, United States, Packaging

Victory Packaging is expanding its operations in Colorado with the acquisition of Network Packaging LLC of Denver.

Victory, a Houston-based packaging distributor, said in a news release that it had acquired the company and that its accounts will be consolidated into Victory Packaging’s accounts as of June 2. The new operation will operate under the Victory Packaging nameplate. Terms of the deal were not disclosed.

Network Packaging, which was owned by Doug Roth and Paul Zancanelli, has 22 employees. Nishat Jones, director of marketing for Victory, said in a phone interview that the previous owners and employees will continue to work for the company

She also noted that Victory does have a Denver branch with about 10 employees and that they are looking to consolidate both operations in one place.

“They actually complement our existing operations, so we are just growing our client base in the Rockies,” Jones said.

She said they share the same philosophy, providing “a complete packaging solution.”

Victory works with companies to provide the packaging from design to even product fulfillment. It uses all types of materials ranging from paper to plastic depending on the needs of the clientele. It offers such items as shipping boxes, shrink wrap bags, poly-bags, packing materials and adhesives.

Victory has more than 65 warehouses and distribution facilities in the U.S., Canada and Mexico. In California, it operates under the name of Golden State Container. Overall, it employs about 1,400.


Comments

Victory buys Network Packaging

By Frank Antosiewicz
Correspondent

Published: June 4, 2014 3:01 pm ET
Updated: June 4, 2014 3:05 pm ET

Post Your Comments


Back to story


More stories

Image

Deal puts Convergence Packaging under Comar's umbrella

October 24, 2014 2:00 pm ET

Convergence Packaging Holdings LLC, itself a product of mergers, now is joining together with Comar LLC.    More

Image

Akro-Plastic buying German subsidiary from Metabolix

October 24, 2014 3:32 pm ET

Akro-Plastic GmbH, a Niederzissen, Germany-based plastic compounder, has purchased the assets of Metabolix Inc.'s subsidiary in Germany.    More

Image

Automation firms join forces, look to automotive for future growth

October 24, 2014 2:43 pm ET

Hoping to ease the way for automation in some specialized areas of automotive plastics like laser cutting of door panels, a German robot maker and an ...    More

Image

SRG opens second China auto parts factory

October 24, 2014 11:25 am ET

U.S. automotive supplier SRG Global Inc. said Oct. 23 it is opening its second plant in China, an injection molding, plating and painting facility in ...    More

OSHA investigation launched following blast at NJ reticulated foam plant

October 24, 2014 9:00 am ET

Four workers were concussed and sustained minor injuries during an explosion at the Inoac Crest Foam plant in Moonachie, N.J., earlier this month.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events