Inovar Packaging Group, Irving, Texas, has acquired The Kennedy Group, a premier label and packaging platform with two facilities based in Willoughby, Ohio, and one in Levittown, Pennsylvania.
The acquisition is its 10th platform acquisition, and it further expands Inovar’s presence in the Midwest and Northeast regions.
The Kennedy Group primarily focuses on serving mid-sized and large accounts in the beverage, agriculture, automotive, food, supply chain, healthy and beauty, industrial, and household industries.
It adds capabilities to the Inovar platform that include pressure sensitive, roll-fed, and RFID label capabilities.
Founded in 1974 by Bert Kennedy and Mary Lou Kennedy, The Kennedy Group is led today by Bert and Mary Lou’s sons, Mike Kennedy, Pat Kennedy, and Todd Kennedy.
Pat and Todd Kennedy, along with the rest of The Kennedy Group leadership team, will continue to run the business in partnership with Inovar. Mike Kennedy will continue to support The Kennedy Group and Inovar in an advisory role.
Greenberg Traurig, LLP served as legal counsel to Inovar, and Mesirow Investment Banking was the exclusive financial advisor to The Kennedy Group on this transaction.
