GPA Global, a leader in custom luxury brand packaging, sustainable packaging and display solutions, has acquired Hub Folding Box, with over 102 years leading the market in innovation with one of the most technologically advanced facilities in North America.
Tony DiRico will remain CEO of Hub Folding Box and become a GPA Global Board Member, Jack DiRico will remain as Executive VP, both become shareholders in GPA Global.
Adam Melton and Tom Wang, co-founders of GPA noted, “GPA has always focused on sustainability and environmental considerations are at the heart of the GPA ethos, we’re pleased to be partnering with a company that has made a commitment to sustainability. As part of the GPA Global family, Hub will be a crucial addition to our US domestic offering while bringing that best-in-class manufacturing experience & know-how to achieve the highest possible quality and the most competitive pricing to meet the ever-changing needs of global brands.”
Hub has been responsible for some of the most significant innovations in retail packaging, developing new formats that transformed the way consumers interacted with products. Recent innovations include Liquid Ink Technologies – an alternative to expensive foils; and the Lock-Box, a unique, injection-molded pack that is tamper-resistant.
Tony DiRico, CEO of Hub said, “We are extremely excited to be part of the GPA Global family. It was important to our family that we found the right partner that wanted to build on our 102 plus years of success and innovation in a sustainable way. We wanted to ensure that our long-standing customer relationships would remain intact and importantly that our most cherished assets, our employees, would be part of the next generation of Hub!”
The parties have agreed to not disclose the transaction value.
