NEWTOWN SQUARE, Pennsylvania
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October 13, 2022
(press release)
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SupplyOne, Inc., the largest independent supplier of corrugated and other value-added packaging products, equipment, and services in the U.S., announced today it acquired Provident Packaging Corporation, a privately-held distributor of industrial packaging supplies headquartered in Philadelphia, Pennsylvania. Established in 1967 by Lewis Gerber and his son, Allen Gerber, Provident Packaging has provided high-quality industrial packaging solutions for over 50 years. Today, third-generation Gerber family members James Gerber, President, and Adam Gerber, Director, Sales & Marketing, lead the business. Together they continue the legacy of personalized, value-added service that has made the company an indispensable supply chain partner for Mid-Atlantic manufacturers. As a distributor of quality corrugated packaging, films, tapes, protective packaging, safety, and janitorial supplies, the Provident Packaging team made its mark by helping customers enhance their efficiencies and streamline their operations. The ability to help customers navigate challenges and increase profitability was central to the brother's decision to become a SupplyOne company. "SupplyOne provides the growth engine we were seeking [or looking for] to take our business to the next level for our customers and employees," said Adam Gerber. "Becoming a SupplyOne company enhances every aspect of our business.” “The acquisition significantly expands our product and service offering to include custom manufacturing, primary packaging, packaging equipment, and additional services to bring new savings and cash flow to our customers," said James Gerber. The Provident Packaging acquisition is SupplyOne’s third in the Northeast since 2021 when it acquired Bell Container, located in Newark, New Jersey, and Romanow Container, headquartered in Boston, Massachusetts. Both are custom corrugated manufacturers and packaging distributors. "The acquisition of Provident Packaging is another important step in the execution of our growth strategy," said SupplyOne's Executive Chairman, Bill Leith. "The combination of our corrugated converting capabilities, value-added service and programs with Provident’s strong customer base and distribution expertise will allow to us to serve more customers in the important Pennsylvania and New Jersey area. We are delighted to welcome Provident Packaging’s capable employees into the SupplyOne family." SupplyOne is the largest independent supplier of corrugated and other value-added packaging products, equipment, and services in the U.S. It provides mid-sized manufacturers, food processors, medical and e-commerce companies industry- leading packaging programs, products, and supply chain solutions from a single point of contact to unlock efficiency and direct cost savings. Since its founding in 1998, SupplyOne has become the acquirer of choice for privately held specialty corrugated packaging manufacturers and value-added packaging distributors. SupplyOne is a portfolio company of Wellspring Capital Management.
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