The acquisition combines two regional specialty packaging companies to create a platform to support food and beverage, industrial, and cannabis businesses across the western United States. Terms of the transaction were not disclosed.
IPC is a specialty packaging distributor backed by Shore Capital Partners, a Chicago-based private equity firm. Landmark Packaging is a packaging manufacturer and distributor supplying various packaging materials including boxes, bags, labels, janitorial supplies, and personal protective equipment to Colorado businesses.
“From the beginning, IPC’s mission has been to be a trusted specialty packaging solutions partner for our customers,” said Jeremy Concannon, co-founder of IPC. “Customer service and quality custom packaging have similarly been a cornerstone of Landmark Packaging since the company’s inception. Now, with the acquisition of Landmark, the combined enterprise is positioned to further raise the bar for our customers.”
With the acquisition of Landmark, IPC expands its geographic presence to the greater Colorado area and deepens its leadership team with the addition of Paul Landwehr and Jeff Kammerer, two Landmark founders who each bring 20-plus years of packaging experience. Mark Russell, the third founder, will retire from the business after a transition period. In addition to Landmark, IPC plans to continue acquiring partner businesses.
“Building Landmark over the last 10-plus years has been one of the most rewarding experiences because of the relationships we have made – both with our employees and our customers,” Landwehr said. “Jeff, Mark and I are excited for what this partnership will mean for those stakeholders. We look forward to joining the IPC team and continuing to serve our loyal customers with the same high level of rigor, reliability and passion.”