Packsize Enhances Global Leadership with Acquisition of Sparck Technologies from Standard Investment

Deal News | Apr 23, 2025 | PR Newswire Cision Packsize

Packsize, a leader in sustainable and on-demand packaging solutions, has announced its acquisition of Sparck Technologies, a European company renowned for its automated high-speed and custom packaging solutions. The transaction, which sees Standard Investment divest Sparck, is set to bolster Packsize's global presence and enhance its technology offering. Sparck Technologies, headquartered in Drachten, the Netherlands, is known for its advanced CVP Impack and CVP Everest systems which optimize performance while minimizing waste. Packsize aims to integrate Sparck's innovative technologies with its own, thereby providing a more comprehensive suite of packaging solutions to meet customer needs across various industries. David Lockwood, CEO of Packsize, expressed that Sparck's alignment with the company's values of innovation, reliability, and sustainability makes the acquisition a strategic fit. This move accelerates Packsize's mission of providing smarter and more sustainable custom packaging solutions worldwide. Moreover, Brian Reinhart, Chief Revenue Officer at Packsize, highlighted that Sparck's solutions would address more packaging challenges and contribute to scaling intelligent automation efforts. Initially part of the French multinational Quadient, Sparck was made an independent company by Standard Investment in 2021. Herbert Schilperoord, a partner at Standard Investment, praised Sparck's evolution into a technology leader under their guidance, asserting that the acquisition by Packsize would drive further growth and technological advancement. This acquisition marks a significant step in Packsize's growth strategy, aiming to transform packaging processes internationally.

Sectors

  • Packaging Industry
  • Investment and Private Equity

Geography

  • Netherlands – Sparck Technologies, the acquired company, is headquartered in Drachten, Netherlands, and is a key focus of the transaction.
  • United States – Packsize, the acquirer, is based in Salt Lake City, U.S., and is central to the acquisition, aiming to increase its presence through this deal.
  • Europe – Standard Investment, the selling private equity firm, operates mainly in Northwestern Europe, focusing heavily on companies in this region.

Industry

  • Packaging Industry – The article focuses on the acquisition of Sparck Technologies, a company that manufactures automated packaging solutions, by Packsize, a leader in sustainable packaging, thereby highlighting the packaging industry.
  • Investment and Private Equity – Standard Investment's divestment of Sparck Technologies to Packsize involves significant private equity activity, as investment firms are key players in company acquisitions and developments.

Financials

    Participants

    NameRoleTypeDescription
    PacksizeBidding CompanyCompanyA U.S.-based leader in sustainable, on-demand packaging solutions, acquiring Sparck Technologies to enhance its technology portfolio.
    Sparck TechnologiesTarget CompanyCompanyA Netherlands-based company known for its high-speed, automated packaging systems, being acquired by Packsize.
    Standard InvestmentSelling CompanyCompanyA private equity firm that sold Sparck Technologies to Packsize, focusing on investments in Northwestern Europe.
    David LockwoodCEO of PacksizePersonLeader of Packsize, emphasizing the strategic alignment of Sparck's acquisition with the company's sustainability mission.
    Brian ReinhartChief Revenue Officer of PacksizePersonNoted the strategic benefits of Sparck's solutions in expanding Packsize's packaging capabilities.
    Kees OostingCEO of Sparck TechnologiesPersonCommented on the value addition brought by the acquisition of Sparck by Packsize.
    Herbert SchilperoordPartner at Standard InvestmentPersonExpressed pride in Sparck's achievements under Standard Investment's guidance and confidence in its future growth with Packsize.