Menasha Packaging Company LLC has acquired The Strive Group of Chicago.
Both companies are family-owned and privately held. Financial terms of the transaction were not disclosed.
According to Mike Waite, president of Menasha Packaging, "The acquisition of Strive will enhance our merchandising supply chain model and strengthen our geographic coverage. Customers are increasingly turning to companies that can manage their entire merchandising process and the addition of Strive to Menasha Packaging will improve our offerings and strengthen our competitive position."
The acquisition makes Menasha the largest independent in-store promotional solutions provider to retailers and CPGs in the United States.
"The Strive acquisition broadens our market penetration and the ability to provide more products and services to our customers," said Jim Kotek, president and chief executive officer of Menasha Corp. "We believe there is an excellent strategic fit between the companies; we both are Midwest-based, family-owned companies with strong cultures and values."
Menasha Corp. is the parent of Menasha Packaging, ORBIS Corp. and LeveragePoint Media.
Both Menasha Packaging and Strive focus on the food, household and personal care markets and provide significant design, manufacturing, fulfillment and logistics expertise to their customers.
Menasha Packaging acquires Chicago company
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