Par-Pak acquired by private equity portfolio firm

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Waddington Group acquires Par-Pak
Waddington Group acquires Par-Pak
The Waddington Group has acquired Par-Pak, a thermoformer of bakery and produce packaging to continue its growth and expand into new markets.

Par-Pak has plants and sales in Canada, the US, and UK and will continue to operate separate plants in Canada with Polar Plastics but the sales groups will form a single selling company under PolAR PAK.

The Waddington Group is a portfolio company of private equity firm Olympus Partners and builds on the acquisition of Eco-Products in November 2012.

Manu Bettegowda of Olympus Partners said: "This acquisition will accelerate the growth of the business and will allow Waddington to better serve its customers through increased geographic and product diversity."

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