#USA #Salt Lake City #Sparck Technologies #Packsize Technologies #Automated Packaging

Packsize's Acquisition of Sparck Technologies: A Strategic Leap Forward

In an important development within the automated packaging sector, Packsize, the premier provider of sustainable, suitably-sized, on-demand packaging solutions, has officially finalized its agreement to acquire Sparck Technologies. This acquisition not only cements Packsize's reputation as a leader in the market but also significantly amplifies its offerings in the automated packaging landscape.

The deal has been eagerly anticipated in the industry, as it combines Packsize's cutting-edge technology and customer service approach with Sparck's renowned box last and lid and tray solutions. With this partnership, the combined companies plan to deliver an unmatched variety of solutions to meet shifting consumer demands efficiently. Packsize has become a cornerstone in the logistics and packaging services since its inception in 2002, and this strategic move indicates their commitment to leading the way in sustainable practices.

David Lockwood, the CEO of Packsize, expressed enthusiasm about the deal, stating, "Sparck has been synonymous with innovation and dependability, and their commitment to sustainability mirrors our own aspirations. This partnership brings about a more comprehensive range of products and services for our clients, driving us closer to achieving our vision of 'Smart Packaging for a Healthy Planet®." The acquisition is poised to allow both companies to contribute more extensively to the evolving needs of the market.

Furthermore, Brian Reinhart, Chief Revenue Officer at Packsize, highlighted the strategic nature of the acquisition, stating that it enhances the firm's ability to tackle a wider array of packaging challenges, particularly in high-volume and high-efficiency settings. By integrating Sparck's technology, Packsize aims not just for growth, but for ushering in smarter, more sustainable automated solutions.

About Sparck Technologies
Sparck Technologies, located in Drachten, Netherlands, has gained recognition for developing advanced automated packaging equipment, specifically the notable CVP Impack and CVP Everest systems. These systems optimize packaging processes by enabling the creation of fit-to-size boxes at impressive speeds, thereby decreasing waste and labor costs—crucial benefits for the leading e-commerce and fulfillment businesses worldwide.

Kees Oosting, CEO of Sparck, stated, "We are excited about this acquisition and see it as a thrilling opportunity to deliver increased value to our customers. The combined capabilities of Packsize and Sparck will enable us to achieve growth and innovation at a scale that neither of us could achieve alone."

The transition comes on the heels of Standard Investment, which successfully guided Sparck's transformation into a prominent technology provider in the fit-to-size packaging sector after spinning it off from its previous parent company, Quadient, in 2021. Standard Investment partnered closely with Sparck to ensure this strategic pivot led to substantial growth and industry leadership in the European market.

The Future Ahead
Herbert Schilperoord, a partner at Standard Investment, expressed confidence in the collaboration between Packsize and Sparck, anticipating a continued upwards trajectory in market growth. He explained that the two companies would leverage their respective strengths to reach global tier 1 customers effectively.

Conclusion

Packsize's acquisition of Sparck Technologies is a significant step in the ongoing evolution of sustainable packaging. By uniting their technologies and market presence, both companies are poised to advance their goal of transforming how businesses and consumers benefit from packaging solutions around the world. As they embark on this new chapter, the emphasis on smarter and more environmentally responsible practices remains at the forefront of their operational vision.