Private equity firm Olympus Partners, Stamford, Conn., has agreed to acquire Pregis Corporation North America, a flooring underlayment, protective packaging materials and systems manufacturer, for an undisclosed amount.
“Olympus Partners looks for enterprises that have established a leading market position and have a strong management team. We believe that such companies will enjoy greater long term value creation and generate superior investment returns. Pregis meets those criteria and we are pleased to add the company to our diverse investment portfolio,” said Manu Bettegowda, partner. “Pregis is well positioned for growth with innovative solutions, expanding markets and solid channel partnerships.