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

Packsize Strengthens Its Market Position by Acquiring Sparck Technologies

In a significant move that enhances its leadership in the automated packaging industry, Packsize®, a well-known entity in sustainable and on-demand packaging solutions, has completed the acquisition of Sparck Technologies. This European company specializes in high-speed automated packaging solutions tailored to customer needs, making it an ideal fit for Packsize's growth strategy.

The merger represents a pivotal moment in Packsize’s ambition to reinforce its presence globally within the packaging sector. By integrating Sparck’s cutting-edge technology with its own service model, Packsize aims to deliver the most comprehensive range of packaging solutions available. According to David Lockwood, CEO of Packsize, this alignment of values surrounding innovation and commitment to sustainability will allow the two companies to collaborate effectively. Lockwood expressed that the merger will accelerate Packsize’s mission of providing smarter, more sustainable packaging options to customers around the globe.

"We believe that Sparck's established reputation for excellence complements our innovative approach. Together, we can offer a more robust product lineup," said Lockwood. Brian Reinhart, Packsize's Revnue Director, echoed these sentiments, emphasizing that the integration of Sparck's technology enhances Packsize’s ability to meet various packaging challenges, especially in high-volume environments.

Sparck Technologies, headquartered in Drachten, Netherlands, is well-regarded for its advanced systems, such as CVP Impack and CVP Everest. These solutions boost efficiency while reducing packaging waste by creating custom boxes at scale. Kees Oosting, CEO of Sparck, stated that this acquisition is a synergistic match, facilitating a value proposition that neither company could achieve independently.

Supporting this transition, Standard Investment, which previously managed Sparck, played an essential role in transforming the company into an independent entity, paving the way for this acquisition. Herbert Schilperoord, a partner at Standard Investment, conveyed his pride in Sparck's evolution into a cutting-edge technological leader in custom packaging. "We are confident that the combined forces of Packsize and Sparck will continue to thrive, ensuring innovation tailored to the needs of global clientele,” Schilperoord remarked.

Packsize has revolutionized perceptions of packaging since introducing custom-sized solutions in 2002. The firm has gained recognition as a leader in sustainable packaging across North America and Europe. Its approach not only streamlines the packaging process but also emphasizes the importance of sustainability in its operations and supply chain. The mission of Smart Packaging for a Healthy Planet® focuses on delivering intelligent packaging solutions that contribute positively to the environment.

Sparck Technologies, on its part, specializes in designing and manufacturing state-of-the-art automated packaging systems. These applications significantly reduce labor costs and packaging waste, meeting the needs of major players in e-commerce and order fulfillment.

Meanwhile, Standard Investment, based in Amsterdam, has been making strategic investments in medium-sized companies across Northwestern Europe since its inception in 2004. Its commitment to hands-on involvement with portfolio companies has allowed it to create impactful solutions like Sparck's impressive technological advancements.

With the acquisition finalized, industry stakeholders are keenly watching how this strategic alignment will influence the future of automated packaging, particularly as consumer demand for sustainability rises. The combination of Sparck's advanced capabilities with Packsize's existing solutions promises a robust response to evolving market needs and a significant step towards greater sustainability in packaging.

By merging resources and talents, Packsize and Sparck Technologies are set to usher in a new era in automated packaging, addressing both customer demands and environmental challenges simultaneously.