Wednesday, December 7, 2022 2:30 pm
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GRAND RAPIDS, Mich. (News release) -- UFP Industries announced that its affiliate, UFP Packaging, LLC, has acquired Titan Corrugated, Inc., a manufacturer of corrugated packaging products, and its affiliate All Boxed Up, LLC, a corrugated box distributor. The combined companies had trailing 12-month sales through October 2022 of approximately $46.5 million.
Founded in 2003 by Jon Reneau, Titan's primary products include boxes used in moving and storage, jumbo boxes for industrial products, corrugated shipping containers, and point-of-purchase displays. All Boxed Up distributes common box sizes manufactured by Titan throughout the United States. Titan operates a highly automated facility in Flower Mound, Texas. Jon Reneau and his leadership team will remain with the company.
"We are thrilled that the Titan companies have joined UFP Packaging as our cornerstone corrugated conversion facility," said Chuck Krawczak, vice president of UFP Packaging. "Jon and his team built a model that we plan to replicate in target geographic markets where we can utilize both customer and distribution synergies. Titan's operations are highly automated and overseen by talented team members dedicated to serving the customer. We can learn from their use of automation and robotics, and Titan will benefit from our support staff, capital and extensive customer base."
Jon Reneau added, "I am proud of the team at Titan and am excited by the opportunities that will come to us as part of the UFP family of companies. We look forward to helping drive UFP's mission to become the leading global packaging solutions provider."