Daily Newsletter

08 September 2023

Daily Newsletter

08 September 2023

MEI Rigging & Crating acquires professional packaging firm ProPack

After the completion of this transaction, ProPack will be integrated with MEI’s existing operations in Atlanta.

Soumya Sharma September 06 2023

MEI Rigging & Crating, a portfolio company of Olympus Partners, has announced the acquisition of Georgia, US based professional packaging and crating company ProPack International.

The companies have not disclosed the financial details and other terms of this deal.

After the completion of this transaction, the employee-owned and operated packaging company will be integrated with the existing operations of MEI in Atlanta.

ProPack International was founded by Mike and Nancy Dooley in 1997.

It specialises in delivering a complete range of commercial and industrial export packaging solutions to industries and companies in diverse sector.

The Atlanta, Georgia based packaging firm has over two and a half decades of experience in providing specialty freight packaging solutions for multiple applications, such as moving locally, nationally or globally via land, ocean or air.

Commenting on the latest acquisition, MEI CEO Dan Cappello said: “We are thrilled to add this new service line to our already rapidly growing Atlanta rigging business.

“With this acquisition, MEI is now one of the premier full-service rigging and crating providers in the region.”

MEI Rigging & Crating primarily focuses on providing rigging, machinery moving, millwrighting, mechanical installation, industrial storage, crating and export packing services.

MEI, which has an expansive portfolio and footprint, is a portfolio company of private equity firm Olympus Partners.

It currently has a team of more than 1,000 employees, operating out of 17 different locations across 13 US states, including Georgia, California, Pennsylvania, Maryland, Delaware, Oregon, Massachusetts, Texas, Nevada, Utah, Arizona, Virginia and North Carolina.

APAC region dominating the flexible packaging market

The global flexible packaging market will be valued at $112.4 Billion in 2023 and is expected to grow at a CAGR of 4.1% by 2030, per GlobalData. The increasing demand for packaged food and beverages is one of the prominent factors driving the market growth. The APAC region has emerged as the market leader (>50% share in 2023) due to easy availability of packaging material and low labor costs.

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