Packsize Expands Leadership in Automated Packaging with Sparck Technologies Acquisition

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

Packsize has acquired Sparck Technologies from Standard Investment, solidifying its position as a leader in the automated packaging solutions industry. This acquisition aligns with Packsize's growth strategy and enhances its product offering to cater to the evolving demands for sustainable packaging solutions. Sparck Technologies, based in the Netherlands, is renowned for its advanced systems like CVP Impack and CVP Everest, which optimize throughput and reduce waste in high-volume environments. The integration of these systems enables Packsize to provide a broader spectrum of innovative packaging solutions. This strategic move not only reinforces Packsize’s commitment to smart, sustainable packaging but also sets the stage for continued growth and diversification to tailor solutions for major global clients. Standard Investment played a key role in restructuring Sparck as an independent company post its carve-out from Quadient, proud of the evolution it navigated through collaboration with Sparck.

Sectors

  • Packaging Industry
  • Private Equity

Geography

  • United States – Packsize is based in Salt Lake City, which identifies the United States as a relevant geography for the article.
  • Netherlands – Sparck Technologies is headquartered in Drachten, Netherlands, making it a key geographic location in the context of this transaction.

Industry

  • Packaging Industry – The article is centered on Packsize, a company specializing in providing sustainable, automated packaging solutions, making the Packaging Industry a primary focus.
  • Private Equity – Standard Investment's role as the seller in this acquisition highlights the involvement of the Private Equity sector in corporate restructuring and sales strategies.

Financials

    Participants

    NameRoleTypeDescription
    PacksizeBuyerCompanyPacksize is an innovative leader in on-demand, sustainable packaging solutions designed to reduce costs and environmental impact.
    Sparck TechnologiesTarget CompanyCompanySparck Technologies specializes in high-speed, automated packaging solutions that enhance efficiency and reduce waste.
    Standard InvestmentSellerCompanyStandard Investment is a private equity firm specializing in hands-on investments in the mid-market segment in Northwestern Europe.
    David LockwoodCEOPersonDavid Lockwood is the CEO of Packsize and advocates for sustainable packaging solutions.
    Brian ReinhartChief Revenue OfficerPersonBrian Reinhart oversees revenue-related strategies at Packsize, focusing on expanding the company’s product offerings.
    Kees OostingCEOPersonKees Oosting is the CEO of Sparck Technologies, which he led during its transition period and now through its acquisition by Packsize.
    Herbert SchilperoordPartnerPersonHerbert Schilperoord is a partner at Standard Investment, involved in strategic decisions regarding investments and divestitures.