Specialized Packaging Group has acquired DFW Crating & Packaging, expanding the Altamont Capital Partners-backed company’s protective packaging operations into the Dallas-Fort Worth market.
DFW Crating is a Texas-based provider of custom crating and protective packaging solutions.
The acquisition gives SPG additional crating expertise, customer relationships and manufacturing capabilities as it expands its North American footprint.
DFW Crating will continue operating under its existing name from its facility in Grand Prairie, Texas.
The company will gain access to SPG’s broader infrastructure, resources and packaging capabilities while maintaining its existing customer operations.
SPG said DFW Crating’s capabilities complement its existing portfolio, including its server rack crating operations.
The transaction further develops SPG’s strategy of building a vertically integrated provider of customized protective packaging products and services.
SPG operates across the United States, Canada and Mexico and serves industries including aerospace, electronics, medical and automotive.
The company’s product and service offering is focused on protective packaging applications where customers require customized solutions for the storage and transportation of equipment and products.
SPG is a portfolio company of Altamont Capital Partners.
Altamont focuses on lower-middle-market companies across financial services, industrials and business services and currently manages more than $4 billion of capital.
KEY QUOTES:
“DFW Crating & Packaging is an excellent strategic fit for SPG. The company has built a strong reputation on quality and customer service, and its crating capabilities complement our existing portfolio, including server rack crating. We are excited to welcome the DFW team to SPG and work together to create new opportunities for our employees while delivering even greater value to customers.”
Paul Budsworth, CEO of Specialized Packaging Group
“Joining SPG marks an important milestone for DFW Crating & Packaging and provides a strong foundation for our next chapter of growth. Together, we will have access to expanded capabilities and resources while continuing to build on the relationships and service that have been central to our success. We are excited about the opportunities this partnership creates for our employees and customers.”
Angela Mathews, CEO and Owner of DFW Crating & Packaging
