Novvia Group company, Inmark, acquires a majority interest in Acepac Shanghai as it sets to expand its presence in Asia Pacific
Inmark, a Novvia Group company backed by Kelso & Company, has acquired a majority interest in the Shanghai operations of Acepac International, to support its Life Sciences Division. With their 10-year strong partnership in China, the combination of Acepac and Inmark in the Asia Pacific region will provide for a more robust product offering and expanded geographic footprint to better serve the critical needs of their combined customer bases.
Acepac International, founded in Singapore in 1994, offers a wide variety of packing products, packing material, Ecommerce packaging and fulfilment services. For almost three decades, Acepac International has continually diversified its markets and expanded its footprint, including being appointed as an authorized agent of Inmark’s brand of temperature control packaging products.
“Acepac has been a trusted strategic partner to Inmark in the Asia Pacific region for over a decade. We are excited about the enhanced product and service offerings this acquisition brings to our existing clients, as well as the tremendous growth opportunities this alliance provides Inmark in the region,” said Frank Orvino, President of Inmark.
About Acepac International
Established in Singapore in 1994, Acepac International originally provided packing materials, adhesive tape, and fasteners locally. Through joint ventures with overseas partners, their product offerings expanded to include in-house manufacturing capabilities, supply chain management, and life sciences packaging for their global client base and healthcare industries. For more information, please visit www.acepac.com.sg.
For over 45 years, Inmark has been a trusted source for rigid container, temperature-controlled, specimen transport, used medical device, and dangerous goods packaging. Headquartered in Atlanta, GA with locations in Europe, Asia, and North America, Inmark has become a respected leader in developing packaging solutions for businesses globally. For more information, please visit www.inmarkpackaging.com.
About Novvia Group
Novvia Group is a leader in high-quality packaging solutions and customized services with domestic and international customers across myriad industries. Through its family of dynamic companies, comprised of Inmark, C.L. Smith, Silver Spur and Container Supply, Novvia has set a new industry standard as a national stocking distributor with a comprehensive suite of containers and supplies, trusted local relationships and 40+ years of best-in-class customer service. Please visit www.novviagroup.com
Kelso is one of the oldest and most established firms specializing in private equity investing. Since 1980, Kelso has invested approximately $17 billion of equity capital in 134 transactions. Kelso was founded by the inventor of the Employee Stock Ownership Plan (ESOP) and, as a result, the principles of partnership and alignment of interest serve as the foundation of the firm’s investment philosophy. Kelso benefits from a successful investment track record, deep sector expertise, a long-tenured and stable investing team, and a reputation as a preferred partner to management teams and corporate partners. Kelso has significant experience investing in and supporting high-growth distribution and packaging platforms. The firm is based in New York, NY. For more information, please visit www.kelso.com.