Specialized Packaging Group (SPG), a protective packaging products provider, announced Tuesday it had acquired Pacific Pulp Molding, Inc.
San Diego-based Pacific Pulp is a leading manufacturer of packaging made from recycled materials like paperboard or newsprint. SPG said the acquisition of Pacific Pulp would enhance its existing capability set in its ProtecPac division, expanding its product offerings and geographic reach. SPG is a portfolio company of Altamont Capital Partners and one of the largest independent packaging manufacturers in North America.
“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,” SPG CEO Paul Budsworth said. “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.”
Pacific Pulp will continue to operate in its current locations in San Diego and Tijuana, Mexico.
“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,” Pacific Pulp President John McNeil said. “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. The Pacific Pulp team is thrilled to join SPG, and we look forward to taking our combined business to the next level.”