- In acquiring Kennedy Group, Inovar can now offer RFID labeling
- Deal expands production and distribution capacity in new regions for Texas-based Inovar
Inovar Packaging has acquired The Kennedy Group, a U.S.-headquartered label and packaging platform.
The acquisition signifies Inovar’s tenth platform acquisition and is a key part of its expansion strategy, enhancing its presence in the Midwest and Northeast U.S. regions as well as new capabilities such as pressure-sensitive, roll-fed, and RFID label technologies.
“As we build out our platform, we continually seek opportunities to enter additional markets, attract new customers, and enhance our value as a trusted supplier by acquiring businesses that add new capabilities and production scale, while also expanding our services offering,” said Inovar CEO Jeff Brezek in a press statement. “The acquisition of The Kennedy Group is particularly attractive given their outstanding reputation as an innovative and customer-focused organization.”
Kennedy Group
Kennedy offers market-tested and labelling solutions to various industries, including beverage, agriculture, and automotive. It operates a network of two facilities at its headquarters in Willoughby, OH, and one in Levittown, PA.
Following the acquisition, Pat Kennedy and Todd Kennedy will maintain leadership roles within the business in partnership with Inovar. Mike Kennedy, meanwhile, will assume an advisory role, supporting both The Kennedy Group and Inovar.
In a joint statement, the Kennedy’s stated, “we are excited to bring The Kennedy Group’s 50 years of industry leadership to partner with Inovar. We believe combining these two companies under one platform creates a best-in-class organization for our valued customers, employees, and the label industry overall.”
Inovar Packaging Group
Headquartered in Dallas, TX, with 11 locations nationwide, Inovar Packaging Group bills itself as producing innovative prime labels, shrink sleeves, and extended content solutions for some of the nation’s top brands.
“This combination boosts our production and distribution capacity in new regions and extends our capabilities with additional roll-fed, pressure-sensitive, RFID, and sustainability solutions,” said Brezek.
“Above all, both organizations are comprised of incredibly talented and dedicated people who make everything we do possible. We are thrilled to partner together.”