Press release submitted on behalf of SupplyOne
SupplyOne, Inc., a leading distributor of custom corrugated and value-added packaging solutions in North America, announced today that it has acquired Compass Packaging Solutions, Inc, a packaging solutions provider based in North Billerica, Massachusetts.
Founded in 2011, Compass Packaging Solutions will continue under the leadership of owner Rick Meissner post-closing. In addition to being a comprehensive provider of custom protective packaging, Compass also provides warehousing, distribution, fulfillment and kitting services to a wide array of customers in the life sciences, semiconductor, technology and defense industries.
“The addition of Compass Packaging Solutions strengthens our presence in New England while adding meaningful capabilities in protective packaging, a key strategic priority for SupplyOne,” said Todd Renehan, President and CEO of SupplyOne. “In servicing our growing New England business, we have been impressed with Compass’s strategic customer approach. The ability to understand customers’ business needs is a key differentiating factor of SupplyOne, and Compass has also approached their business with this innovative mindset,” added Mr. Renehan.
“Joining forces with SupplyOne enables us to continue delivering on our mission while expanding the resources and capabilities we offer our customers. We are excited to begin this new chapter with a partner who shares our customer-first values.” said Rick Meissner, President of Compass Packaging Solutions.
This transaction represents SupplyOne’s 48th acquisition and its 3rd in the past three years with a significant protective packaging portfolio, further expanding the company’s geographic footprint and strengthening its value-added packaging solutions across North America.