VANCOUVER, Wash. & DENVER--(BUSINESS WIRE)--Innovative Packaging Company (“IPC”) today announced the acquisition of privately held, Colorado-based Landmark Packaging, Inc. (“Landmark”). The acquisition combines two regional specialty packaging companies to create a platform to support food and beverage, industrial, and cannabis businesses across the western United States. Terms of the transaction were not disclosed.
IPC is a leading full-service custom specialty packaging distributor backed by Shore Capital Partners, a Chicago-based private equity firm. Landmark Packaging is a packaging manufacturer and distributor supplying various packaging materials including boxes, bags, labels, janitorial supplies, and personal protective equipment to Colorado businesses.
With the acquisition of Landmark, IPC expands its geographic presence to the greater Colorado area and deepens its leadership team with the addition of Paul Landwehr and Jeff Kammerer, two Landmark founders who each bring 20+ years of packaging experience. Mark Russell, the third founder, will retire from the business after a transition period. In addition to Landmark, IPC plans to continue acquiring partner businesses.
“From the beginning, IPC’s mission has been to be a trusted specialty packaging solutions partner for our customers,” said Jeremy Concannon, co-founder of IPC. “Customer service and quality custom packaging have similarly been a cornerstone of Landmark Packaging since the company’s inception. Now, with the acquisition of Landmark, the combined enterprise is positioned to further raise the bar for our customers.”
“Building Landmark over the last 10+ years has been one of the most rewarding experiences because of the relationships we have made – both with our employees and our customers,” said Landwehr, co-founder of Landmark. “Jeff, Mark and I are excited for what this partnership will mean for those stakeholders. We look forward to joining the IPC team and continuing to serve our loyal customers with the same high level of rigor, reliability and passion.”
Landwehr and Kammerer will continue to lead the Landmark business going forward. After a transition period and supporting integration and success planning, Russell will retire. “When Jeff, Paul and I set out to build Landmark, our dream was to create a lasting legacy. Partnering with IPC and Shore Capital was the right decision as it ensures that legacy for years to come,” said Russell.
“We are excited to welcome Landmark employees and customers to the IPC family,” said Ted DeHaan, chief executive officer of IPC. “Our core tenant is enabling customers to meet aspirational goals with world-class, reliable and customized packaging solutions. This partnership enables us to level-up our offering with a more robust supply chain, extensive warehouse footprint and comprehensive product offering. We are well positioned to help our customers grow and subsequently grow with them.”
“IPC has built a strong specialty packaging business that consistently provides an incredible customer experience,” said Richard Boos, Partner at Shore Capital Partners. “Product knowledge, product quality, timely delivery, and doing right by the customer is in the company’s DNA.”
“We are thrilled to work with the IPC and Landmark teams in the years ahead as we further strengthen the company’s high-quality packaging solutions and best-in-class customer service, as well as expand the company’s reach across the United States,” adds Tom Smithburg, Principal at Shore Capital Partners.
To learn more about Innovative Packaging Company, visit https://www.innovativepackagingco.com/.
About Innovative Packaging Company
IPC is a leading specialty packaging distributor serving custom and stock packaging needs for food and beverage, industrial, and cannabis businesses in the Pacific Northwest. Packaging industry veterans and brothers, Jeremy and Matt Concannon founded IPC in 2012, instilling customer service as the cornerstone of the company’s value proposition. The company prides itself on helping clients improve efficiencies, increase profitability, and initiate their plans. For more information on IPC, visit: https://www.innovativepackagingco.com/.
About Landmark Packaging
Landmark Packaging was founded by Paul Landwehr, Jeff Kammerer, and Mark Russell in 2012 with a vision of servicing small to medium businesses with custom packaging solutions at prices they could afford. Today, the company is a packaging manufacturer and distributor supplying various packaging materials including boxes, bags, labels, janitorial supplies, and personal protective equipment to Colorado businesses. The founding team’s customer-centric approach led to a successful 10-year period of growth and remains integral to their operations. For more information on Landmark, visit: https://www.landmarkpackaging.com/.
About Shore Capital
Shore Capital is a Chicago-based private equity firm focused on microcap investments within the Healthcare, Food and Beverage, Business Services, and Real Estate industries. Shore focuses on supporting management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value for shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic growth and growth through industry consolidation. Shore has over $2.4 billion of equity capital under management through various investment vehicles. For more information, please visit: www.shorecp.com.
