Board Converting News, January 30, 2023

Oliver Inc. Acquires Tap Packaging + Design In OH

Hauppauge, New York based Oliver Inc. announced that it has acquired Tap Packaging + Design, a manufactur- er of custom folding cartons, serving customers in food and beverage, beauty, confection, health, and consumer goods markets. Tap Packaging will continue delivering its quality pack- aging solutions from its current location in Cleveland, Ohio. Oliver said that the partnership will enable it to ex- pand its product offerings and strengthen its position as one of the nation's biggeest independent specialty pack- aging suppliers. “We are thrilled to welcome the Tap team to the Oli- ver family,” said Dan Rodenbush, President/CEO of Oliver. "Their diverse range of capabilities will allow us to expand

The warehouse at Tap Packaging + Design.

our product offerings and enhance our overall service for our customers.” “Oliver and Tap Packaging share similar core values, and both companies have a passion for providing an ex- ceptional customer experience,” added David Chilcote, Chairman of Tap Packaging.

“Partnering with Oliver increases our ca- pacity, provides redundancy, and allows us to better leverage our combined scale to offer enhanced solutions for our customers.” Tap Packaging has been based in the Cleveland area for nearly 120 years. In 2019, it moved to a new 208,000-square-foot fa- cility and was rebranded as Tap Packaging + Design. In 2022, it invested $7 million in equipment and increased its capacity by 50 percent. Oliver has manufacturing operations in Ohio, Oklahoma, Massachusetts, Virginia, and New York. Welch Packaging Acquires Knox Box In Tennessee Elkhart, Indiana based Welch Packaging has announces their acquisition of Knoxville Box and Container, Inc., based in Knoxville, Tennessee from Chris Castleberry. Knox Box was founded in 1985 by Horace Harper Jr and later purchased by Castleberry in 2016. The company has provided corrugated boxes, wood crates and packaging supplies to the East Tennessee market for more than 30 years. Today, Knox Box has a dedicated workforce and a loyal customer base. By joining the Welch family of businesses, Knox Box will now have expanded capabilities, as well as the resources to automate equipment and invest in people, while preserving its family culture. Welch Packaging, which also started in 1985, has spent the last 37 years focused on expanding its original vision: CONTINUED ON PAGE 8

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January 30, 2023

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