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Decowraps Completes Acquisition Of Flopak Usa

Apr 04, 2022•over 3 years ago

Acquiring Company

Decowraps

Acquired Company

FLOPAK USA

Description

April 4, 2022 - Decowraps, a leading packaging supplier to the floral industry, announced today it has completed its acquisition of Flopak USA, a major player in pre-formed pot covers and floral delivery systems.

Company Information

Company

Decowraps

About

Decowraps, founded by Steven Tchira in 1999, is headquartered in Miami, FL, and has design, production, and distribution facilities in Colombia, The Netherlands, Ecuador, Kenya, and China. The company is a leading supplier to the floral industry, focusing primarily on larger retail organizations and their suppliers worldwide. In-house design and sample capabilities, global sourcing, vertical integration, and personalized customer service have enabled Decowraps to achieve superior recognition and results as a supplier of innovative packaging options for all levels of fresh cut flowers and potted plants. The company provides its customers with custom and stock designs including sustainable options and prides itself on satisfying all customer requirements. For more information on Decowraps, visit www.decowraps.com.

M&A Insights

Based on deal data
Integration 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