Tide Rock acquires contract packaging company in Memphis, Tennessee with expertise in custom
supply chain solutions.
SAN
DIEGO, May 6, 2024 /PRNewswire/ -- Tide Rock, an
unlevered buyout firm with a portfolio of diverse economically
resilient B2B businesses, acquired Premier Packaging Inc., a
contract packaging company in Memphis,
Tennessee.
Since its founding in 1997, Premier Packaging has earned a
reputation for quality work addressing time sensitive, specialized
and short-run packaging needs. The company 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, resulting in substantial cost savings compared
to 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, Mr.
Campos was President of KIK Consumer Products' Pool Division where
he increased penetration in the dealer, professional, distribution
and e-commerce channels. 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."
About Tide Rock
Tide Rock is an unlevered buyout firm that acquires
companies with strong free cash flow and grows them to scale while
distributing high quarterly yield to its investors. It owns a
portfolio of economically resilient business-to-business companies
in the lower middle market, specifically in the manufacturing,
distribution, and services industries. The company's unique model
consistently drives high yield returns without the risk profile
typically associated with other investment vehicles. It has offices
in Solana Beach, CA and New
York, NY. Learn more at tiderock.com.
About Premier Packaging Inc.
Premier Packaging Inc. is a leading full-service contract
packaging company based in Memphis,
TN. Our facility is conveniently located near the
Memphis International Airport and
major distribution networks, providing easy access to some of the
largest distribution centers in the U.S. South. We are committed to
excellent customer service and detailed project management, making
us a trusted partner in the packaging industry. For more
information, visit premierpackagingsolutions.co
Press Contact: Chris Gale at
203-570-4681.
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SOURCE Tide Rock LLC