A subsidiary of Universal Forest Products (UFPI) has acquired all of the operating assets of packaging design and manufacturing firm Pak-Rite.
Based in Milwaukee of Wisconsin, Pak-Rite produces various solutions ranging from foam and plastic components to trademarked wood crating systems.
Established in 1996, the company supplies a range of solutions for manufacturers of high-value products such as medical, aerospace and automation equipment.
Pak-Rite produces and distributes containers and pallets for both single or limited reuse applications and returnable/reusable applications.
Limited reuse products are made lower cost materials such as HT pine lumber, OSB or MDF sheet stock, corrugated fiberboard, and low cost foams and other engineered materials, while reusable or returnable packages are made from plastics, high-grade plywood, steel, and durable foams and urethanes.
The firm also designs and fabricates custom foam, plastic and corrugated components, as well as processes lastic sheet materials such as HDPE, PVC, Acrylic, and foam sheeting such as polyethylene and polyurethane.
As part of the deal, the 60 employees working at the Milwaukee facility have joined UFPI. Kirk Blaha, former president of Pak-Rite, has been appointed as general manager of operations.
Founder and former CEO Rick Blaha is offering consulting services through the transition period.
Blaha added: “With the strength of Universal, we will be able to grow our customer base, products and design services, and offer more opportunity to our people. It is a winning situation all the way around, and we look forward to being part of the growing Universal family of companies.”
UFPI CEO Matthew Missad said: “It has earned a reputation for extraordinary products and services, and we are excited to add them to our growing portfolio of packaging products.
“We’re very fortunate to add the dedicated people of Pak-Rite who have been instrumental in creating a successful company and who are motivated to grow their careers and the Pak-Rite products with Universal.”
UFPI offers capital, management and administrative resources to subsidiaries, which serve retail, construction and industrial markets.
Based in Grand Rapids of Michigan, UFPI has affiliates across North America, Australia, Europe and Asia.