CHICAGO, IL: Arbor Investments has acquired Great Lakes Packaging Corp., a producer of value-added corrugated packaging and display products.Great Lakes joins a packaging platform which includes Midland Packaging & Display, Franksville, WI. Arbor Investments, founded in 1999, specializes in middle market food and beverage private equity and has $700 million of capital under management across three private equity funds.
Great Lakes, founded in 1963, based in Germantown, WI, enjoys a reputation forged by award-winning packaging designs and expansive converting capabilities. It serves a wide range of market segments throughout North America and operates affiliate locations in Madison, WI, and Chicago.
Sieg Buck, operationg partner at Arbor Investments and CEO of its packaging platform, noted, "Great Lakes Packaging has an outstanding reputation in the industry for innovation and customer service. Its management and employees have created an extremely well run business. Our complementary product offerings and enhanced manufacturing capabilities will enable both companies to provide greater service to their customers."
Jim Nelson, president, Great Lakes Packaging and active member of FTA's board of directors,explained, "Becoming a part of this packaging platform will add tremendous value to the companmy going forward. We're excited to begin working with Midland Packaging & Display, which has a reputation of delivering great value and outstanding packaging solutions to customers." Glen Arnold, former owner and chairman, Great Lakes Packaging, remarked, "Arbor is an outstanding fit for Great Lakes, as its knowkedge and experience in the packaging and display industry will provide significant value to the company and help drive significant growth."