Peninsula Packaging Acquires Thermoforming Division of Packaging Plus

The acquisition strengthens Peninsula Packaging’s position as a leading thermoforming packaging provider serving the fresh produce and bakery industries.

Jan 3 2012 --- Peninsula Packaging Company, LLC, a leading provider of thermoformed plastic packaging products, announced that it has acquired the agricultural thermoforming division of Berkley Operations, LLC, doing business as Packaging Plus. Financial terms of the transaction were not disclosed. Peninsula is a portfolio company of Odyssey Investment Partners, LLC.

The acquisition strengthens Peninsula Packaging’s position as a leading thermoforming packaging provider serving the fresh produce and bakery industries. Peninsula Packaging will now serve its customers through four strategic locations located on the West Coast and East Coast.

Ed Byrne, CEO of Peninsula Packaging, said: “This transaction enhances the service offering for our customers by expanding our geographic footprint and increasing the breadth of our product offering. We are very excited to begin working with the team at the agricultural thermoforming division."

Craig Staub, a Managing Principal of Odyssey Investment Partners, said: “We have been pleased to support Peninsula’s growth over the past two years and are excited to work with management as the company expands its industry-leading position.”