Newtown Square, Pennsylvania, August 1, 2019 – SupplyOne, Inc., a Newtown Square-based packaging company, announced today it had acquired GTI Industries, Inc. (“GTI”), a leading distributor of high-value standard and custom industrial packaging solutions in Florida’s Tri-County region.
Founded in 1972 and headquartered in Miami, Florida, GTI serves the food and beverage, industrial, and pharmaceutical markets. In addition to its core industrial packaging offering, the company provides a portfolio of complementary packaging products, including packaging equipment, janitorial supplies, food packaging supplies, and material handling supplies.
Initially known as Gummed Tape, Inc., GTI transformed itself into one of South Florida’s largest and most respected packaging distributors. Under the leadership of Steve and Candy Zuckerman, the company has experienced steady growth attributable to a focus on custom solutions, strategic relationships with premier packaging suppliers, and services like vendor managed inventory and supplier consolidation.
Steve Zuckerman said, “Our customers value our commitment to understanding their business, and providing custom solutions that reduce their total costs of packaging. SupplyOne’s decentralized operating culture, along with their packaging programs and extensive services, will allow us to continue to cultivate our local customer relationships while providing our customers and employees with a wide range of growth opportunities.”
SupplyOne is in its 21st year of consolidating family-owned businesses of corrugated packaging manufacturers and value-added packaging distributors. The acquisition of GTI is SupplyOne’s second in the Florida market having purchased Melco in Clearwater, Florida in 2012, and the fourth acquisition in the southeast since 2018. The addition of GTI supports SupplyOne’s business model of providing high levels of service and custom corrugated manufacturing, packaging supplies, packaging equipment automation, and supply chain services from a single point of contact.
“GTI has earned a reputation for providing value-added solutions delivered with the highest levels of customer service. We are pleased to welcome GTI and its outstanding employees to SupplyOne and look forward to working with their team to support their next phase of growth.” said William Leith, CEO, and President of SupplyOne.
SupplyOne is the leader in total packaging solutions. With an operating platform built around customer needs, the company provides industry-leading packaging programs, products, and packaging supply chain solutions from a single point of contact to unlock operational efficiencies and reduce costs. Since its founding in 1998, SupplyOne has become the acquirer of choice for privately-held custom corrugated packaging manufacturers and value-added packaging distributors. SupplyOne is a portfolio company of Wellspring Capital Management.
For additional information, please visit https://www.supplyone.com.