Recent Acquisition Growth The Standard Group was acquired by PaperWorks Industries in mid-2023, signaling an expansion in their packaging manufacturing capabilities and a potential increase in production volume, which can lead to new opportunities with consumer packaged goods and retail brands seeking reliable packaging solutions.
Target Market Focus With a focus on industries such as food, beverage, pharmaceutical, healthcare, and household goods, there is a clear opportunity to offer specialized packaging solutions tailored to the compliance and branding needs of these high-growth sectors.
Location and Facility Optimization The Louisville plant has strategic positioning to serve major consumer brands and is part of a network that recently saw office closures in other regions, indicating potential for increased local production, logistics efficiencies, and customized services for nearby clients.
Technological Readiness Utilizing advanced tools such as Salesforce Marketing Cloud, Office 365, and Spectra, the company demonstrates a commitment to operational efficiency and innovation which can facilitate customized, tech-enabled packaging solutions that appeal to brands seeking digital integration.
Growth through Strategic Acquisitions The company’s history of acquiring complementary players like Boehmer Box and The Standard Group underscores a growth strategy centered on expanding product offerings and market reach, opening avenues for collaborative sales with clients seeking comprehensive packaging solutions across various segments.