Packsize to Acquire Sparck Technologies, Strengthening Global Automated Packaging Leadership
Deal News | Apr 23, 2025 | PR Newswire Cision Packsize
Packsize, a leader in sustainable and on-demand packaging, has announced its agreement to acquire Sparck Technologies, a European manufacturer of automated packaging solutions. This acquisition is part of Packsize's growth strategy and aims to reinforce its standing as a global leader in the automated packaging industry. By integrating Sparck’s advanced box last and lid and tray solutions, Packsize will expand its portfolio to provide more comprehensive packaging solutions. The leaders from both companies have expressed their commitment to sustainable, high-efficiency packaging systems. Former owner, Standard Investment, previously transitioned Sparck into a standalone company, after segmenting it from Quadient in 2021. With this acquisition, Packsize and Sparck aim to leverage their combined resources for accelerated growth and innovation.
Sectors
- Automated Packaging
- Private Equity
Geography
- United States – Home country of Packsize, which is headquartered in Salt Lake City.
- Netherlands – Location of Sparck Technologies' headquarters and Standard Investment, based in Amsterdam.
Industry
- Automated Packaging – The core industry of both Packsize and Sparck Technologies, focusing on delivering high-efficiency, fit-to-size packaging solutions.
- Private Equity – Standard Investment is a private equity firm involved in this transaction, indicative of its role in selling Sparck Technologies.
Financials
- EUR 1.4 billion – The cumulative turnover of Standard Investment's portfolio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Packsize | Acquirer | Company | A leader in sustainable, right-sized, on-demand packaging, headquartered in Salt Lake City. |
| Sparck Technologies | Target | Company | A Dutch company specializing in automated packaging systems, known for its CVP Impack and CVP Everest systems. |
| Standard Investment | Seller | Company | A North-Western Europe-focused private equity firm based in Amsterdam which previously owned Sparck Technologies. |
| David Lockwood | CEO of Packsize | Person | CEO of Packsize during the acquisition announcement. |
| Brian Reinhart | Chief Revenue Officer at Packsize | Person | Held a key strategic role in the acquisition. |
| Kees Oosting | CEO of Sparck Technologies | Person | CEO of Sparck, expressed the strategic benefit of the acquisition. |
| Herbert Schilperoord | Partner at Standard Investment | Person | Commented on Sparck's achievements under Standard Investment's ownership. |