Packaging Holdings, Inc., announced today that Marc Shore has joined as Chief Executive Officer. Packaging Holdings serves as Bear Stearns Merchant Banking's specialty printing investment vehicle and owns The John Henry Company, a manufacturer of pharmaceutical as well as horticulture and floral products and packaging. In addition, Packaging Holdings announced the formation of a new media division, to be known as Multi Packaging Solutions ("MPS"). MPS will focus on the multimedia industry, which includes packaging and design for the music, movie, video game and computer software markets.
Packaging Holdings will continue to support John Henry's growth strategy while seeking to acquire suppliers of printed materials for media and consumer product end markets.
INFO SOURCES
Packaging Holdings, Inc.
FIRMS
Bear Stearns Merchant Banking, the private equity affiliate of The Bear Stearns Companies, Inc., (BSC) invests private equity capital in compelling leveraged buyouts, recapitalizations and growth capital opportunities alongside superior management teams. Bear Stearns Merchant Banking is currently investing its $1.5 billion institutional private equity fund. Since its inception in 1997, Bear Stearns Merchant Banking has been an investor in over 35 portfolio companies across a broad range of industries. In addition to John Henry, recent investments by Bear Stearns Merchant Banking include: ACA Capital Holdings, Aearo Corporation, Balducci's, CamelBak Products, Cavalry Investments, Hand Innovations, New York & Company, Reddy Ice, Seven for all Mankind and Vitamin Shoppe.
Packaging Holdings serves as Bear Stearns Merchant Banking's specialty printing investment vehicle and owns The John Henry Company, a manufacturer of pharmaceutical as well as horticulture and floral products and packaging.
The John Henry Company is a specialty printing and packaging company headquartered in Lansing, Michigan recognized for technology innovation. John Henry is a leading solutions provider for the pharmaceutical industry and offers a wide-range of printing, information management and technology consulting services. For over 90 years John Henry has been recognized as an innovator serving the floriculture and horticulture industries with a broad variety of practical and creative marketing tools to enhance their customers’ marketplace image and identity and build their customers’ sales.
PEOPLE
Marc Shore, Chief Executive Officer Packaging Holdings, Inc.
Mr. Shore's experience stems from his 27 years at Shorewood Packaging, where he was appointed President in 1993 and then CEO and Chairman in 1995. Shorewood, a leading manufacturer of premium packaging, was sold to International Paper in 2000, where Mr. Shore continued as an officer from 2000 until 2004. During his tenure at Shorewood, Mr. Shore developed the business to include international operations covering the United States, Canada, Europe and China. Shorewood was the largest independent packaging company in the country until its acquisition by International Paper.
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