Opus Packaging – Indianapolis has announced that it has entered into an agreement to acquire significantly all of the assets of Arvco Container Corporation’s Indianapolis location (Arvco Indianapolis) and has offered employment to all current Arvco Indianapolis employees, effective October 5, 2020. The acquisition demonstrates the Opus Packaging Group’s (Opus) commitment to the Indianapolis market and strengthens its ability to enhance the performance of its customers.
Arvco Container Corporation (Arvco) purchased the Arvco Indianapolis operation in 2006. Earlier this year, a key Arvco Indianapolis customer moved their manufacturing requirements to Michigan. With their lease expiring at the end of the year and the impact of the COVID-19 pandemic, Arvco decided to find a company willing to purchase the operation.
Arvco’s President and CEO, Greg Arvanigian, said, “After exploring several options, Arvco concluded that Opus provided the best fit for their employees and customers. Arvco and Opus have had a long-standing business relationship that spans two generations. While Arvco regrets the need to withdraw from the Indianapolis market, they are committed to assisting Opus in making this transition as smooth as possible for all of the parties involved.”
“For Opus’ customers, this acquisition enhances our ability to serve their customer’s packaging needs by expanding their reach in the Midwest region and tapping into the expertise and expanded capabilities of the existing facilities within the Opus Packaging Group,” said Opus Packaging Group co-owner Butch Stoner. “Opus has been providing innovative packaging solutions to its customers since 1984, and opened a brand new facility in Whitestown, Indiana, in 2019. With a vision of becoming a world class provider in packaging solutions while leading in the markets it serves, the acquisition of Arvco Indianapolis only puts us closer to achieving that goal.”
Opus Packaging Group is comprised of five wholly owned entities: Opus Packaging – Indianapolis in Whitestown, IN; Opus Packaging – Grand Rapids in Caledonia, MI; Opus Packaging – Jackson in Jackson, MI; Opus Packaging – New Bremen in New Bremen, OH; and Opus Packaging – Wabash in Mt. Carmel, IL.
“We are excited about this change and confident that the combination of the Opus Packaging and Arvco Indianapolis businesses will be beneficial to our valued employees and customers,” said Stoner.