SOURCE: Menasha Corporation

Menasha Corporation

January 12, 2015 18:12 ET

Menasha Corporation Announces Acquisition of Canada-Based PearceWellwood

Acquisition Expands Menasha Packaging Company's Operations to Canada, Enhances End-to-End Merchandising Solutions

NEENAH, WI--(Marketwired - January 12, 2015) - Menasha Corporation announces that it has acquired PearceWellwood Inc. of Brampton, Ontario. The family-owned business will operate as part of Menasha Packaging Company, LLC, a subsidiary of Menasha Corporation; terms of the transaction were not disclosed.

PearceWellwood designs and manufactures corrugated displays for the retail industry and offers fulfillment and distribution services. In a related transaction, Menasha also acquired an ownership interest in Tencorr Packaging, a corrugated sheet manufacturer with plants in Brampton and Mississauga, Ontario, from PearceWellwood's parent company, Pearce Group. The Tencorr investment will ensure that the PearceWellwood business will continue to benefit from a reliable, high-quality corrugated supply.

"The acquisition of PearceWellwood provides Menasha Packaging Company a foothold in Canada to better serve new and existing major consumer packaged goods customers located in the region with expertise in display design, manufacturing and fulfillment," said Jim Kotek, president and CEO of Menasha Corporation.

"Acquiring PearceWellwood allows Menasha Packaging to not only expand geographically in Canada with an established facility and manufacturing operation, but to do so with a reputable company that operates with a similar business model and value system," said Mike Waite, president of Menasha Packaging Company. "The combined companies' packaging offerings and fulfillment capabilities expand Menasha's market-leading footprint and will improve our ability to provide Canadian customers with end-to-end merchandising solutions."

Similar to Menasha, PearceWellwood uses market research and an integrated merchandising model to provide customers with value-added insight and end-to-end solutions. Both companies serve retailers and consumer packaged goods customers in food, household and personal care segments.

Founded in 1974, PearceWellwood has two facilities in Brampton, Ontario and 140 employees.

About Menasha Packaging
Menasha Packaging Company, LLC, based in Neenah, Wisconsin, is a subsidiary of Menasha Corporation and has approximately 3,200 employees at locations nationwide. Menasha Packaging is a leading provider of graphic consumer packaging, merchandising solutions, corrugated packaging, food packaging, shipping containers, material handling solutions, pack-out and fulfillment services. With a network of design, sales service centers, corrugated and paperboard manufacturing plants, and fulfillment facilities located throughout the United States, the company's mission is to help its customers protect, move and promote their products better than anyone else. Visit its website at www.menashapackaging.com.

About Menasha Corporation
Menasha Corporation is a leading corrugated and plastic packaging manufacturer and supply chain solutions provider specializing in retail merchandising packaging and displays, plastic reusable containers and pallets, protective packaging interiors, and packaging supply chain and fulfillment services. Menasha Corporation's products and services are used by major food, beverage, consumer products, healthcare, pharmaceutical, industrial and automotive companies. Established in 1849, Menasha Corporation is one of America's oldest privately held, family-owned manufacturing companies. Headquartered in Neenah, Wisconsin, the company employs approximately 5,000 employees in more than 75 facilities in North America, Europe and Asia. For more information, visit www.menasha.com.

About PearceWellwood
PearceWellwood Inc. provides innovative structural and graphic design along with full-service manufacturing, assembly, fulfillment, distribution and warehousing of corrugated retail displays and packaging. The company focuses on elevating brands with the consumer and executing customers' retail programs with contemporary and fresh promotional displays. Founded in 1974 and family-owned, PearceWellwood operates two facilities in Brampton, Ontario: a corrugated manufacturing operation and a fulfillment facility that also houses its main offices.

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