Kelly Spicers acquires Creative Packaging Group to expand packaging footprint
Jan 29, 2025•11 months ago
Acquiring Company
Kelly Spicers
Acquired Company
Creative Packaging Group
Description
Kelly Spicers, a leading West Coast distributor of paper, packaging, and wide format products, has announced the acquisition of Denver-based Creative Packaging Group. This acquisition is part of Kelly Spicers' strategic expansion plan to enhance its service platform and presence in the Rocky Mountain region, catering to multi-location customers and aligning with its growth strategy.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed