Solana Beach, California based Tide Rock announced its acquisition of Premier Packaging Inc., a contract packaging company in Memphis, Tennessee.
Tide Rock is an unlevered buyout firm that acquires companies with strong free cash flow, owning a portfolio of economically resilient business-to-business companies in the lower middle market, specifically in the manufacturing, distribution, and services industries.
Since its founding in 1997, Premier Packaging offers a wide range of custom supply chain solutions, including primary and secondary packaging, kitting, assembly, sorting, and labeling as well as value-added warehousing services.
Premier services high growth companies and established Fortune 500 companies across the consumer goods market, with expertise in the beverage sector. The company’s ability to scale up or down based on the needs of its customers makes it unique custom packaging solutions provider.
Premier Packaging’s turnkey solutions allow its high growth and established Fortune 500 clients to concentrate on their core business activities and avoid the expense associated with expanding in-house operations and the opportunity costs of not having product in retail.
The company’s strategic location in Memphis, a FedEx Superhub and one of the largest logistics hubs in the country, allows it to service a large range of customers timely and cost effectively.
Ignacio Campos has been appointed CEO of Premier Packaging and will be working closely with Bill McNeil, Founder, and Jason McAlister, CFO/COO, to scale the business and enhance the value provided to Premier’s current customers and prospects.
Prior to joining Premier Packaging, Campos was President of KIK Consumer Products’ Pool Division. He was also the Vice President of Digital Transformation and Strategy at Fortune Brands Innovations, General Manager at The Master Lock Company, and a management consultant at McKinsey & Company.
“We are excited to welcome Premier Packaging to the Tide Rock portfolio,” said Brooks Kincaid, President of Tide Rock.
“Premier Packaging has earned a strong reputation with its customers. Their capacity to solve packaging and warehousing problems quickly and flexibly makes them an essential partner in today’s dynamic consumer goods supply chains.
“Ignacio’s expertise in growing and scaling multi-channel consumer goods and durables businesses, along with Bill’s deep expertise in the contract packaging space, will be instrumental in taking Premier Packaging to the next level. We look forward to working with Premier Packaging to add complementary service offerings, grow with its existing customers, and bring its services to new customers.”
For more information, visit tiderock.com.
