Acquires assets of Chicago folding carton company
Nosco, Inc., a subsidiary of Holden Industries, Inc., has acquired the assets of Knight Packaging Group, Inc., a Chicago-based offset folding carton printer with more than 50 years of experience in the industry. With this investment, Nosco will be more broadly equipped to serve the needs of its growing customer base by adding new products and capabilities, increasing converting capacity and having another carton facility for redundancy in operations.
"The acquisition of these assets supports Nosco's commitment to consistent growth, innovative new product solutions and lean manufacturing. In addition, this asset acquisition enables Nosco to expand into new markets, serve new customers and hire new employees located on the south side of Chicago with outstanding work ethics," said Nosco President Russ Haraf.
Nosco is moving the acquired assets into a 94,000-square-foot facility in Bridgeview, Illinois, which has been upgraded and designed to enable operational excellence and cost-competitive manufacturing. This plant will expand Nosco's current printing and finishing capabilities, adding an in-house sheeting operation, windowing capabilities, new specialty coatings, and a broader portfolio of materials and decorative features. The acquisition will also allow Nosco to expand into new markets and add new customers, adding to its long-standing reputation of serving healthcare customers with a broad array of printed packaging products and services.
In conjunction with this asset acquisition, Nosco launched a new product offering known as "StretchPak," a flexible blister pack and clamshell alternative that maximizes product display and offers an ultra-tough enclosure. Its tamperproof design seals and safeguards contents while providing 360° product visibility. StretchPak packaging is frequently deployed in retail settings for high-end consumer products, especially when products are sold in multipacks.