Specialized Packaging Group Completes Acquisition of Pacific Pulp Molding, Inc.
Wed, October 5, 2022 at 7:00 AM
SPG Expands Capabilities and Reach in ProtecPac Division With Addition of West Coast Molded Pulp Product Manufacturer
SAN DIEGO, Oct. 5, 2022 /PRNewswire/ -- Specialized Packaging Group (SPG), a leading, vertically integrated provider of protective packaging products, announced today that the company has acquired San Diego, California-based Pacific Pulp Molding, Inc. (Pacific Pulp). Pacific Pulp is a leading manufacturer of molded pulp and molded fiber products – packaging made from recycled material, such as paperboard or newsprint – for applications across a diverse array of end markets and a nationwide customer base.
Specialized Packaging Group
SPG, one of the largest independent protective packaging manufacturers in North America, is a portfolio to taking our combined business to the next level company of Altamont Capital Partners. The acquisition will enhance SPG's existing capability set in its ProtecPac division, expanding the company's product offerings and geographic reach while adding approximately 50 employees to its 1,600-person workforce. Pacific Pulp leadership and the company's full workforce will continue to operate in their current locations in San Diego and Tijuana, Mexico.
"The addition of Pacific Pulp to our ProtecPac division means we will be adding world-class molded pulp and molded fiber capabilities to an operation that is already an industry leader. Pacific Pulp has been the go-to provider of molded pulp solutions for almost 30 years," said SPG CEO Paul Budsworth. "We are excited to strengthen our presence in the growing sustainable packaging market, allowing us to better serve our customers. We are looking forward to bringing the Pacific Pulp team fully on board and integrating them into a footprint that extends across North America and provides high-quality products to a diverse customer base."
"Over the last several years, Pacific Pulp has grown by focusing on highly engineered molded pulp and molded fiber solutions geared towards adding more sustainable packaging products to our customers' global supply chains," said Pacific Pulp President John McNeil. "With SPG, we have found a partner that shares our vision and has the resources to accelerate our growth plans in new and existing markets.