May 2022 | Oregon
Indepak Acquired By Sinclair & Rush
We are pleased to share the sale of our client Indepak, Inc. to Sinclair & Rush, Inc. The acquisition closed May 17, 2022.
Indepak, located in Portland, Oregon, provides specialty thin-gauge thermoforming services. Due to its comprehensive in-house equipment capabilities, the company can process different types of materials including HIPS, PET, PETG, ABS, PVC, OPS, HDPE, PP, and starch-based biomaterials. Indepak holds both the ISO 9001:2008 and 14001:2004 standard certifications.
To support successful operations, Indepak also provides value-added services, including concept development, part design, prototyping, part sampling, in-house tool building, inventory management, and package fulfillment. In addition, the company's comprehensive equipment and production capabilities support cost efficiencies, operational consistencies, and quality control, thus providing clients with superior value and product quality.
Headquartered in Arnold, Missouri, Sinclair & Rush (S&R) manufactures protective plastic products for a wide range of industries and markets. The company offers dip molded vinyl grips and caps, injection-molded grips, caps and plugs, foam grips and sleeves, extruded clear plastic tubing and thermoformed clamshells, trays and packaging. It serves industrial and retail customers throughout the US and all around the globe.
S&R was founded in 1950 as a small dip molding company manufacturing custom vinyl products selling to a handful of customers and has now evolved into a global operation with manufacturing and distribution operations on four continents supplying over 20,000 customers. By offering products that provide a solution, S&R has earned the status as a premier supplier to some of the world’s leading manufacturers.
With this acquisition, S&R significantly increases their thermoforming capacity and capabilities while also providing a manufacturing footprint on the west coast. Production will continue at the existing Indepak facility along with other S&R manufacturing locations in Arnold and Fenton, MO and Carlstadt, NJ. S&R also offers international manufacturing capabilities in the United Kingdom, China and Australia.
“The acquisition of Indepak is aligned with our growth strategy for thermoforming and presents us with numerous new business opportunities,” said Brad Philip, President and CEO of Sinclair & Rush.
Philip added, “This transaction gives us the ability to increase our footprint in the medical and food packaging business and expands our opportunities in industrial markets. Packaging and product design trends change frequently, and by combining our product lines, our services and our years of expertise, our customers gain the unique position of having access to multiple packaging options with redundancy across North America from a single packaging partner. We are pleased to acquire such a forward-thinking company that enjoys solid business relationships with its loyal customers, many of whom are internationally renowned.”
The S&R customer base, particularly those within its VisiPak division, will now enjoy the benefits of having an expanded team of world-class packaging designers, another in-house tooling operation, additional capacity, closer proximity to their operations when located west of the Rockies and a food packaging certified manufacturing option.
The Indepak customer base will now have an additional design team and in-house tooling operation, another manufacturing location to consider if their operations are located east of the Rockies and the complete line of S&R packaging and product protection solutions, including plastic tube container packaging, clear folding cartons and over 200 variations of in-stock clamshells.
Jeff Barket, Director of Sales and Marketing for Sinclair & Rush, stated, "The combination of Indepak and Sinclair & Rush brings together two highly innovative organizations that further enhance our place as a North American leader in consumer, industrial, medical and now food packaging. The value of having access to multiple thermoforming and packaging options from one partner is multiplied when projects can begin and end under one roof.”
Barket added, “The global, regional, and local customers of both companies will gain access to a broader product portfolio, increased product differentiation, redundancy in operations to mitigate supply risks and operating efficiencies that will further enhance their brands and grow their bottom line.”
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham, and his team, led by Managing Director, M&A, Chad Comroe, closed the transaction. Senior Managing Director Ashok Tandon established the initial relationship with Indepak.
“Indepak and Sinclair & Rush are a perfect match, and I’m excited to watch them grow together in the future,” said Comroe.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Manufacturing & Fabrication page.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Industrials page.
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