360Pack Acquires Team Packaging and Expands its Presence in the Western United States

VANCOUVER, Wash. & DENVER—360Pack, one of the fastest-growing packaging distribution companies in North America, has announced the successful acquisition of Team Packaging Inc., a Colorado-based custom packaging solutions provider. This marks 360Pack's third acquisition and strengthens its position as the leading full-service packaging solutions provider in the Western United States. The terms of the transaction have not been disclosed.

360Pack, backed by Shore Capital Partners, delivers smarter packaging distribution solutions that enhance customers' bottom line by increasing profitability, improving efficiencies, and driving overall business growth. With its local touch and global reach, 360Pack is committed to being the trusted packaging solutions partner of choice for its stakeholders.

Team Packaging, founded in 2003 by Mike Anderson and Becki Charchenko, is a premiere custom packaging distribution business based in Aurora, Colorado. The company offers flexible and fiber-based packaging, labels, equipment, supply chain management, delivery and logistics, warehousing, and custom design services to a wide range of customers, including food production, meat processors, retail grocers, and other end-markets. Mike Anderson will continue to lead Team Packaging's commercial strategy going forward.

The partnership between 360Pack and Team Packaging brings together their collective resources to provide smarter solutions that drive growth and profitability for their customers. By combining their end-market expertise, product knowledge, and services, they are better positioned to meet the evolving needs of the packaging industry.

"We are thrilled to be working with Kate Stock and the entire team at 360Pack in this new chapter for our business," said Mike Anderson. "360Pack and Shore Capital Partners have a unique partnership model that we found compelling, as it will allow us to continue supporting our customers with exceptional service while expanding our offerings through new innovation and additional investments in our current business."

Kate Stock, CEO of 360Pack, expressed her excitement about the partnership, stating, "At 360Pack, we partner with our customers to help them unlock the next phase of growth by delivering what they need, when they need it, and at the right price. We couldn't be happier that Mike Anderson, Becki Charchenko, and the talented employees at Team Packaging decided to join forces with us. With our collective resources, we are better positioned to find smarter solutions that help drive growth and profitability for our customers."

The acquisition of Team Packaging is part of 360Pack's regional expansion strategy in the Western United States. Along with Shore Capital, 360Pack will actively explore opportunities for organic growth and strategic partnerships to further strengthen its position in the market.

"We are extremely proud that Mike and Becki chose to partner with 360Pack and Shore Capital," said Richard Boos, Partner at Shore Capital. "We look forward to providing Team Packaging with the resources they need to grow bigger, stronger, and faster, and are confident that collectively we will achieve great things in the packaging space."

For more information about 360Pack and their packaging solutions, please reach out to [email protected].

About 360Pack

360Pack, backed by Shore Capital Partners, is one of the fastest-growing privately held packaging distribution companies in North America. With a guiding vision of being the trusted packaging solutions partner of choice, 360Pack combines local touch with global reach to deliver smarter solutions that enhance customers' businesses. The company currently operates three locations covering the Western United States.

About Team Packaging

Founded in 2003, Team Packaging is a premier custom packaging distribution business based in Aurora, Colorado. The company offers a wide range of packaging solutions, supply chain management, and custom design services to various industries. They are dedicated to providing exceptional service and innovative solutions to their customers.

About Shore Capital Partners

Shore Capital Partners is a private equity firm focused on microcap investing in various industries, including healthcare, food and beverage, business services, industrial, and real estate. With a commitment to support management partners in growing their businesses, Shore Capital provides access to capital, operational resources, and networking opportunities. They have over $6 billion of assets under management and a successful track record of driving value for shareholders.

In conclusion, the acquisition of Team Packaging by 360Pack is an exciting development that strengthens their position in the Western United States. With their combined expertise and resources, they are well-positioned to provide innovative and efficient packaging solutions to their customers, driving growth and profitability in the industry.