Deal of the Week: Victory Packaging Acquires Network Packaging
HOUSTON—May 27, 2014—Victory Packaging, a full-service North American packaging solutions company, acquired Denver-based Network Packaging.
Network Packaging (NetPac) is privately owned by Doug Roth and Paul Zancanelli and was founded in Colorado in response to a growing need for quality service and product expertise in the packaging industry. NetPac employs 22 professional and technical personnel who have a broad range of skills, expertise and experience.
The NetPac acquisition will allow Victory Packaging to grow in the Colorado market and other markets served by NetPac. The acquisition will be consolidated into Victory Packaging accounts as of June 2, 2014, and operate under the Victory Packaging name as of that date.
Benjamin Samuels, CEO of Victory Packaging, views the NetPac acquisition as an excellent opportunity to expand the core Victory Packaging business. “The acquisition of NetPac significantly increases Victory Packaging’s presence in the Rocky Mountains and strengthens our core engineering and packaging solutions capabilities. The common focus on unmatched quality and superior service between NetPac and Victory Packaging makes for a powerful combination.”
Paul Zancanelli, managing partner of NetPac, added, “NetPac has successfully grown over the past decade in the Colorado market. Now we are excited to combine with the national reach and resources of Victory Packaging to continue to bring value to our customers, our staff and our community.”