GenNx360 Capital Partners (“GenNx360”), in partnership with the management team and current owners of Schneider Packaging Equipment Company, Inc. (“Schneider”or the “Company”), is pleased to announce its investment in the Company.
Schneider is a leader in the design, assembly and manufacturing of end-of-line packaging equipment, primarily automated case packing and palletizing machinery. Serving attractive end markets including food, beverage, healthcare and consumer products, the Company also provides aftermarket parts, support and services. Founded almost 50 years ago, the Company is supported by a team of ~135 associates and is headquartered in Brewerton, New York.
“As we advance into our next phase of growth, we are pleased to welcome GenNx360 as our partner in what marks an important milestone in Schneider’s evolution. With deep-rooted operational experience and a strong background in manufacturing, the GenNx360 team brings the expertise that will undoubtedly help us achieve our growth strategy,”said Schneider’s CEO, Bob Brotzki.
“Schneider is an exciting company with a best-in-class reputation participating in a market that GenNx360 finds very attractive. The Company’s reputation is centered around an impressive management team that has established a culture of exceptional customer service, innovation and industry-leading quality. We look forward to working with the management team to pursue an exciting organic and inorganic growth strategy,”said Monty Yort, the GenNx360 Managing Partner who led the transaction.
Schneider and GenNx360 were advised by Harvey & Company (“Harvey”), a leading transaction advisor based in Newport Beach, California. Harvey & Company has a long, successful history of advising clients on the buyside and investing in the packaging machinery industry. Harvey coinvested alongside GenNx360 and will take an active role supporting Schneider and GenNx360 with future inorganic growth.