Acquires U.S.-based Grand Traverse Container
Green Bay Packaging Inc. (GBP) has acquired Grand Traverse Container, Inc. (GTC). The acquisition was effective July 27, 2018. GTC was founded in 1995 by Tom Schofield and Mike Chereskin and provides a broad range of manufacturing capabilities and a differentiated service model to offer customers a one-stop-shop for corrugated packaging. With headquarters in Traverse City, Michigan, and an operation in Grand Rapids, Michigan, the company services all of Michigan, northern Ohio and northern Indiana. It will continue to be led by Schofield and Chereskin.
"The acquisition of Grand Traverse Container is a great fit for Green Bay Packaging. This acquisition gives us the opportunity to continue to grow in an important region," explains Will Kress, President and CEO of Green Bay Packaging. "GTC has the perfect culture, workforce and strong leadership that fit the GBP model."
Tom Schofield and Mike Chereskin added, "Our investment in the talented team of people at Grand Traverse Container exemplifies our commitment to serve customers across the upper Midwest. Leveraging our market leading technology, management information, and skilled professionals, Green Bay Packaging complements our existing presence as we continue to grow. This is a wonderful opportunity for our business and our clients, and we look forward to partnering with Green Bay Packaging.”
Bryan Hollenbach, GBP Executive Vice President added, “The Grand Traverse acquisition expands our market presence, and adds a dedicated workforce that is committed to growing the business while providing excellent service and quality to our customers. We are very excited to have GTC join the Green Bay Packaging team.”