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Paperworks Acquires The Standard Group

Jun 23, 2023•over 2 years ago

Acquiring Company

PaperWorks Industries

Acquired Company

The Standard Group

Fort WashingtonManufacturing

Description

PaperWorks Industries Inc. has completed the acquisition of The Standard Group. Founded in 1932, The Standard Group is a converter of custom printed paperboard packaging with a manufacturing location in Louisville, Kentucky.

Company Information

Company

PaperWorks Industries

Location

Fort Washington, Pennsylvania, United States

About

PaperWorks is a leading, integrated North American producer of 100% recycled paperboard and specialized folding cartons. The company supplies independent packaging converters with coated recycled paperboard and provides sustainable packaging solutions to consumer products companies. It emphasizes innovation and market differentiation for reputable brands across various end markets.

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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