On July 5, Green Bay Packaging Group announced that on June 30, the company officially acquired Interstate Packaging, located in Alberta, Minnesota.
Specific terms of the deal were not disclosed. The acquisition will help Green Bay Packaging expand its operations in Minnesota and Iowa. "Acquiring Interstate Packaging expands our market presence and adds a dedicated workforce who are committed to growing the business while delivering exceptional service and quality to our customers. We are delighted that the Interstate Packaging team has Joining will also expand their business in the Minnesota and Iowa markets," said GBP Executive Vice President Bryan Hollenbach.
Will Kress, chairman and CEO of Green Bay Packaging, said: "Interstate Packaging has the perfect corporate culture, workforce and strong leadership that fits the GBP model, and we look forward to working with it and expanding our business needs."