Luxury secondary packaging specialist GPA Global and Hub Folding Box, a specialist in printing and packaging, have merged to form a larger global supply chain solutions provider.
WHO: Founded by Francesco DiRico in 1918, Hub Folding Box is a third-generation printing and packaging powerhouse with one of the most technologically advanced facilities in North America.
GPA Global has specialized in custom packaging, displays, and fixture solutions since 2007. They handle design, engineering, and manufacturing all under one roof.
WHY: The acquisition will expand GPA’s global manufacturing and establish North America as the cornerstone of its global offerings.
IN THEIR OWN WORDS: Adam Melton and Tom Wang, co-founders of GPA, noted: “GPA has always focused on sustainability and environmental considerations are at the heart of the GPA ethos, we’re pleased to be partnering with a company that has made a commitment to sustainability. As part of the GPA Global family, Hub will be a crucial addition to our US domestic offering while bringing that best-in-class manufacturing experience & know-how to achieve the highest possible quality and the most competitive pricing to meet the ever-changing needs of global brands.”
Tony DiRico, Chief Executive Officer of Hub, said: “We are extremely excited to be part of the GPA Global family. It was important to our family that we found the right partner that wanted to build on our 102 plus years of success and innovation in a sustainable way. We wanted to ensure that our long-standing customer relationships would remain intact and most importantly that our most cherished assets, our employees, would be part of the next generation of Hub!”
- GPA Global acquires Hub Folding Box.
- Terms of the transaction were not disclosed.
- The combined assets of GPA Global and Hub Folding Box are expected to generate more than $250MM in annual revenue.
- Leadership will include Adam Melton and Tom Wang, GPA co-founders. Tony DiRico will remain Chief Executive of Hub Folding Box and become a GPA Global board member and Jack DiRico will remain as Executive Vice President. Both become shareholders in GPA Global.
Photo: via Helen Shi on Unsplash