SupplyOne Acquires IC Industries, Inc.

Newtown Square, Pennsylvania, November 24, 2021 – SupplyOne, Inc., the largest independent supplier of corrugated and other value-added packaging products, equipment, and services in the U.S., announced today that it acquired IC Industries, Inc., a privately-held corrugated converter and packaging company headquartered in Hialeah, Florida.

Founded in 1990 under the leadership of Harvey Rothstein, President, IC Industries, Inc. is a significant manufacturer of corrugated boxes from its state-of-the-art Hialeah, Florida facility and serves southern Florida manufacturers, retailers, growers, and processors with premium-quality, custom corrugated, and packaging products. The company's commitment to innovation and speed- to-market has earned IC Industries the reputation as South Florida's fastest corrugated box manufacturing and delivery service.

"Joining forces with SupplyOne solidifies IC Industries’ position as a market leader in South Florida," said Harvey Rothstein. "SupplyOne's decentralized operating structure ensures that we remain close to our clients. Access to additional services and product lines will mean new growth opportunities for our customers and our exceptional employees."

"The addition of IC Industries allows us to expand our converting capabilities in Florida to be more efficient, lower costs, and provide enhanced custom corrugated packaging solutions to our customers," said Bill Leith, CEO and President of SupplyOne, Inc. "IC Industries' customers will benefit from expanded size and scale, and packaging automation expertise that will help them be more profitable as well."

“The Rothstein family and their talented team of employees are focused on continuous innovation and delivering the highest quality service. We look forward to welcoming them to our SupplyOne family,” said Bill Leith.

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.