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Packsize Grows with Investment
December 8, 2007 Official Board MarketsPeterson Partners, a leading Intermountain West investment firm, has made a $4.6 million investment in Packsize Corp.
Headquartered in Salt Lake City, Packsize describes itself as the world’s leading provider of lean packaging solutions for businesses with complex corrugated packaging needs. Packsize was founded in Northern Europe and first introduced the concept of Right-Sized Packaging On Demand.
The Packsize system delivers an alternative to the existing corrugated supply chain by eliminating the need for large inventories of pre-ordered corrugated boxes, reducing the “footprint” of the packaging process, and trimming labor required for boxing and shipping.
Hanko Kiessner, founder and ceo of Packsize, recognized the need for improved efficiency in the corrugated packaging supply chain.
“Manufacturing in the U.S. has transitioned to become lean and extremely flexible, which requires a new approach to how corrugated packaging is provided,” Kiessner says. Packsize has grown to be the leader in corrugated packaging design, technology development and lean solution delivery.
“This investment highlights Peterson’s commitment to partnering with exceptional entrepreneurs and business owners,” says Rick Stratford, the partner leading the investment for Peterson. “We look forward to working closely with Hanko and assisting to build one of the Intermountain region’s premier companies.”
Packsize has been recognized by industry experts as the leading innovator in corrugated packaging design and delivery.
“Packsize has scaled box-making technology for a single user and standardized raw materials so that boxes can be made on-demand right next to the pack line,” says Ken Rohleder, vice president of Packsize and supply chain expert. “Our business model dovetails perfectly with the principles of lean manufacturing.”
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