New York, NY (January 4, 2016) – AEA Investors SBF LP (“AEA”) today announced the acquisition of Inovar Packaging Group, LLC (“Inovar”), in partnership with management and John Attayek, the new CEO of Inovar.
Headquartered in Arlington, Texas, Inovar is a leading specialty converter of prime labels and flexible packaging serving blue-chip customers within a diverse set of end markets including, among others, health & personal care, nutraceuticals, industrial, pet food & supplies, and food & beverage. Since its founding in 2005, Inovar has created a track record and reputation of innovation and being a solutions oriented company providing outstanding quality and service to its customers.
John Attayek, new CEO of Inovar, said, “We are honored to become part of the AEA family. This partnership with AEA will allow us to continue to build our business organically and through future acquisitions. We recognize this investment is the result of the hard work and dedication of all of Inovar’s employees and the ongoing support of our customers and vendor partners. We take pride in the service we provide our customers and will work hard to continue to earn their business and grow with them, which is our primary focus.”
John Attayek recently served as CEO of Tapp Label, a specialty prime label converter within the wine & spirits end markets. Prior to Tapp Label, he spent 18 years at York Label, building one of the largest pressure sensitive label converters in North America.
About Inovar Packaging Group
Inovar is one of North America’s premier printing and packaging solution companies. From its headquarters in Arlington, Texas, Inovar produces packaging products for many of the nation’s leading brands, spanning multiple industries. Inovar has invested in the most up-to-date technology in order to satisfy the needs of even the most demanding customers, which it couples with a passion for providing unsurpassed quality and service. For more information, please visit www.inovarpkg.com.
About AEA Investors
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA’s active individual investors (the “Participants”) include an extraordinary network of more than 75 of the world’s leading industrial families, business executives and former government leaders. Today, AEA’s approximately 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $9.0 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investing. AEA Private Equity invests across four sectors: value added industrial products, specialty chemicals, consumer / retail and services. For more information, please visit www.aeainvestors.com.
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