Pregis LLC has entered into a definitive agreement to purchase Free-Flow Packaging International, Inc. (FP International). The acquisition is expected to be finalized in the coming weeks.
“The acquisition of FP International will benefit our combined customer base by providing a robust set of diverse solutions and accelerated product development—most notably to address growing e-commerce shipping requirements. This also significantly strengthens Pregis’ geographic position within new international markets, supporting our global growth strategy,” said Kevin Baudhuin, president and chief executive officer. “Additionally, we look forward to welcoming FP’s exceptional professionals to the Pregis team. Our cultural similarities will fuel future growth.”
FP International has a 50 year history of providing a wide range of protective packaging solutions. Its well-known brands include the MINI PAK’R, PRO PAK’R and POWER PAK’R, as well as other protective packaging products. FP International has been transformed over the past two decades from a single-product company to a leading provider of protective packaging solutions with multi-national operations.
Headquartered in Fremont, Calif., FP has five manufacturing facilities—two in the U.S. plus Germany, France and the Netherlands—supported by 360 employees. Pregis plans on continuing manufacturing operations in those locations.