Acquisition of Packaging & Technology Integrated Solutions enhances HGS’s capabilities as a total packaging solutions provider.
Global Solutions (HGS), Downers Grove, IL, a global leader in
packaging services, supply chain analytics, merchandising planning and
promotions management, announced Oct. 24 its acquisition of
& Technology Integrated Solutions, (PTIS), a recognized leader and authority in
management consulting and resourcing across the global packaging value chain.
Advisors to more than 200 clients, PTIS brings proven
expertise and capabilities in packaging strategy, design, consumer insights,
sustainability and innovation to HGS' portfolio of packaging solutions.
"We are excited about the opportunities this
acquisition brings to both HGS and PTIS as well as to our customers' growth,
success and profitability," says Dan Musachia, president of HGS.
"This acquisition enables us to deepen our capabilities in consulting
services and deliver value to our customers across the entire global packaging
supply chain. PTIS's partners have the proven expertise to address complex
problems in the packaging industry and we are proud to have them joining our
Founded in 2000 by Michael Richmond, Ph.D., and Brian
Wagner, PTIS offers HGS immediate access to new customers and industry
segments, as well as additional technology capabilities, increased depth in
sales management and consulting services.
"The foundation of PTIS is our passion for packaging
and helping clients address their challenges and achieve their business
goals," Brian Wagner says. "We are excited about extending our reach
through this alignment with HGS. Together we can promote the growth and
prosperity of packaging through knowledge, insight and opportunity development."
This acquisition further positions HGS as a market leader in
the packaging industry and is consistent with its strategy to find new and
different ways to deliver value to their clients. PTIS gains access to new
resources and support as well as a wider potential client base. PTIS's three
partners-Michael Richmond, Brian Wagner and Phil McKiernan-will become
leaders of HGS' packaging consulting services.
In addition to the three partners, the PTIS Associate and
Expert Network will continue to provide value as part of the acquisition. Both
companies are privately held and terms of the acquisition will not be
Among others, HGS counts as clients Campbell’s, ConAgra
Foods, McCain, and McDonald’s Corp.
HAVI Global Solutions (HGS) acquires PTIS
October 24, 2011