BOX Partners, LLC (“BOX”) a leading wholesaler of packaging, shipping, and industrial supplies, has announced its acquisition of The Packaging Wholesalers (“TPW”) business, a fellow nationwide packaging distributor with more than 20-year track record of success. This transaction brings together two industry leaders, allowing the businesses to better serve their customers while providing enhanced opportunities for employees, suppliers, and other business partners.
With this investment, BOX and TPW will be better together, with augmented capabilities and a stronger industry presence. “I am pleased to finalize this investment in TPW and unite two businesses with respected brands, strong customer portfolios and complementary supplier bases,” said Neil Thomas, CEO of BOX. “The long-term goal of this deal is to bring the businesses together, combining their talented workforces, innovative technologies, and national distribution centers to provide greater value to customers with the expansion of product assortments, faster delivery, and exceptional customer service.”
“TPW has enjoyed incredible growth and success over the years, but joining with BOX has been a long-term goal of mine.” said TPW President and CEO Mike Hrbacek. “I believe this partnership of TPW’s strategically located distribution centers and BOX’s wide product selection solidifies us as the leader in wholesale distribution nationwide. I look forward to creating a better business together.”
BOX Partners has been majority-owned by Charlesbank Capital Partners since December 2021. Brandon White, Charlesbank Managing Director, added, “We are delighted to support this investment and believe that combining the BOX and TPW businesses will significantly accelerate our plans to create a nationwide leader in packaging wholesale distribution.”
The combined businesses will have six distribution locations with 3M+ total square footage throughout the US, providing a larger footprint to better serve customers and enable faster delivery of a greater product assortment.