“This acquisition is a great opportunity to revitalize the former Alpha Packaging.” said Michael H. Edlin, President and CEO of Protective Packing Solutions. “We were able to accomplish this transaction without adding any long-term debt to the business, which has allowed us to infuse PPS with critical cash to accelerate its growth.”
PPS was also able to retain key staff members to ensure a smooth transition. Dave Rettig will become general manager, Cindy Garrett will continue in her role as operations manager and Rich Hacker will remain as manager of design.
“We have established relationships with all key vendors and brought in over $200,000 in new inventory and equipment to support our ramp up,” noted Tom McNamara, chairman of the board of Protective Packaging Solutions. “All of the plant’s production equipment has been updated as well to ensure we are the low-cost producer in this market.”
“As owners, we are now in a position to reinvest all profits back into this business, and we expect PPS to expand rapidly as the economy rebounds,” stated Edlin.
