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Printpack announced after its regular quarterly board meeting on November 14 that Dennis M. Love will retire as Chairman of the Board, effective December 31, 2016. James E. Love, III was elected to fill this position, in addition to his role as President and CEO.
Regarding this change, Dennis said, “It has been a wonderful experience to serve as Chairman and CEO of our family business for the better part of 30 years, and I am grateful to our directors and shareholders for this opportunity. Printpack is in a great position today, and I know our future is in good hands with the leadership transition to Jimmy and his team. I am looking forward to this new phase of my life, as well as to my continued involvement as a shareholder and Board member.”
Jimmy added, “I appreciate the support of our Board and my family shareholders as we finalize this important leadership transition. We have built a great team on whom I totally rely to continue growing and strengthening Printpack, and I thank them all for their support of and commitment to our family business. I speak for myself as well as all our family members in saying how much we appreciate Dennis’ long time, successful leadership of our family business, maintaining Printpack as a respected and recognized leader in our industry and positioning us for continued growth and success. Dennis has been a great mentor to me, and I am personally grateful for his support of my leadership as we make this transition, as well as for his allowing me over the last twenty years to have increasing responsibility for significant parts of our business under his leadership and guidance. I look forward to his continued advice and counsel as we move forward and continue our success.”
On Tuesday, March 3, the Flexible Packaging Association (FPA) awarded Printpack a prestigious Gold Award for the Rust-Oleum® SpraySmartTM marking paint pouch. The SpraySmartTM pouch stood out in the Packaging Excellence category which encompasses achievements in printing and shelf impact, sustainability, and technical innovation.
The SpraySmartTM pouch is a clear, 12 oz. ultra-durable flexible pouch made to be a spray paint can replacement. It utilizes premium external high barrier materials along with Printpack’s proprietary barrier sealant film technology to achieve outstanding barrier to oxygen, moisture, and chemical attack.
Fitted with a non-clogging spray tip, this pouch fits in existing spray wands and allows for a flawless transition from the usual aerosol can.
SpraySmart™ pouches evacuate more effectively, providing more paint coverage for the same package weight. The used pouches take up much less space and do not require disposal as hazardous waste.
Printpack is honored to be recognized by the FPA for its advancements in revolutionary packaging designs.
ATLANTA, June 24, 2015 — Printpack has announced that it will close its Fredericksburg, Virginia, manufacturing plant. Production will be phased out over a period of months, and operations are expected to cease completely in the first quarter of 2016. The majority of Printpack’s label and tamper-evident band business currently running in Fredericksburg will be transferred to other Printpack plants in the coming months.
“The Fredericksburg plant has been an important contributor to the company’s success since its opening in 1981 and has been the foundation of our labels business since the late 1980’s. The decision to close this facility was very difficult for us but necessary to enhance our competitiveness in a very challenging market,” said Dennis Love, Printpack’s Chairman and Chief Executive Officer. Mr. Love added, “We appreciate the loyalty and dedication of our Fredericksburg associates, many of whom have been with us since the early years of this facility’s operation. We wish them well as we help them through this transition.”
As part of the closure of the Fredericksburg plant, Printpack will reduce staffing in Fredericksburg in several phases over the coming months. Qualified associates will be considered for potential opportunities to transfer to other Printpack locations. Those who do not transfer will receive a severance package, including continued pay, health insurance, and career workshops and services.
ATLANTA, January 26, 2016 — Printpack, a leading manufacturer of flexible and specialty rigid packaging, celebrates 60 years of thriving in the fast-paced world of consumer packaged goods. This year, the company will mark its anniversary by completing several major initiatives designed to position the business for the future. These initiatives include an investment of $25.7 million to expand its manufacturing operation in the city of Newport News, Virginia and the completion of a separate recapitalization program to advance equipment capabilities.
The company’s expansion in Newport News will bolster Printpack’s rigid division and will result in the creation of 50 new jobs. Printpack Rigid – founded over 30 years ago in Virginia – pioneered barrier rigid containers, creating shelf stable packaging that offers convenience and preservation of foods in a consumer friendly format. The division was an originator of Solid Phase Pressure Forming (SPPF), revolutionizing the market by allowing products such as applesauce and diced fruit to convert from cans to plastic.
“We are pleased to be expanding our business in Virginia and are very appreciative of the support from the Governor, the Virginia Economic Development Partnership, and the City of Newport News,” states Jim Stevenson, Director, Operations-Rigid at Printpack. “We decided to expand in Virginia largely because our well-established, capable workforce provides us a solid base of expertise to build upon. Additionally, strong relationships with and support from our local governments made expansion in Virginia a solid decision.”
Apart from the expansion of its Newport News operation, Printpack’s recapitalization program will expand Printpack’s manufacturing capabilities by adding the most advanced technology and equipment offered in the industry, allowing the company to deliver the highest quality and most consistent print graphics available to its customers.
“Printpack has shown amazing adaptability and longevity over the last 60 years in a market that is truly ever-changing,” says David Read, Vice President, Marketing & Technology at Printpack. “A large part of that is our constant willingness to reinvest in our equipment and employees in order to deliver the best for our customers.”
In 1956, J. Erskine Love, Jr. founded Printpack on the principle that cooperation, honesty, and integrity result in the best customer relationships and the highest quality, most innovative products. Those principals helped to catapult Printpack from a modest one-man operation to the $1.2 billion global firm it is today.
Over the last six decades, Printpack has been an industry pioneer in myriad ways, introducing many industry-first products and capabilities over that time span. In 2014, Printpack revolutionized the single serve coffee industry by introducing the first polypropylene coffee pod. The technology provided a significantly more sustainable solution than the formerly used polystyrene pods – a plastic notoriously difficult to recycle. More recently, Printpack created a new type of interactive packaging for brands by applying photochromic ink to flexible film for the first time, producing a package with ink that remains invisible until exposed to sunlight. For designs and innovations such as these, the company has been consistently honored by organizations such as the Flexible Packaging Association, the Flexographic Technical Association, the Association of Industrial Metallizers, Coaters & Laminators, and the Society of Packaging Handlers and Engineers.
“We are proud to say that Printpack has been a staple in the packaging industry for the last 60 years,” says Mr. Read. “Now, our focus and commitment is to the next 60.”
