IBS Acquisition Strengthens Minigrip Private Label Bags
Livingston, NJ-based Integrated Bagging Systems (IBS) has acquired Minigrip, LLC, a member of Inteplast Group and a worldwide leader in the manufacture and sale of reclosable (zipper) bags.
IBS is focused on making Minigrip’s highly successful private label bag program even more appealing to retailers. IBS acquired Minigrip from ITW earlier this year.
“Minigrip and IBS are building on each company’s unique strengths to offer a compelling and broader store brand bag offering,” IBS President Joe Chen said. “As part of the Inteplast family of companies, Minigrip can now offer its store brand customers food zipper bags, trash can liners, plastic film food wrap and other products of the highest quality from one source.”
IBS is one of the nation’s largest manufacturers of plastic grocery and merchandise bags, trash can liners and institutional food service and janitorial products. Minigrip is a worldwide leader in the manufacture and sale of reclosable plastic zipper bags for packaging, food and medical use.
“We have great respect and admiration for the work and tradition that Minigrip represents,” Inteplast Group President Dr. John D. Young said. “Minigrip not only produces outstanding products, they excel at supporting their store brand customers with product positioning, customization and marketing. The innovation and branding expertise that Minigrip is recognized for complements our emphasis on product quality, affordability and continual improvement.”
According to IBS President Joe Chen, offering private label zipper bags for consumers is a natural progression for IBS. Prior to buying Minigrip, IBS secured national private label accounts for its trash can liners as part of a consumer brand initiative.
“We wanted to competitively broaden our store brand product line beyond food bags to meet the requirements of key accounts,” Minigrip General Manager Garth Biekle said. “We approached IBS because they have an excellent reputation and are a major force in the plastic bag marketplace. We were looking for an exceptional vendor. As talks progressed, the leadership at IBS and Inteplast recognized that Minigrip is a great fit for their company and growth strategy.”
Today’s retailers view their private label bags as a critical extension of their market presence — a point of view responsible for the unprecedented growth of store brand market share in recent years.
“Our leading customers expect and demand that their products be better than the national brand,” said Bill Sweaney, director of consumer brands at IBS. “They want a zipper bag that can hold steak and marinade and be shaken every which way, or even dropped and not leak. We do everything possible to accommodate their requirements.”
John Logan, IBS National Sales Manager, Consumer Private Label, looks to the future with positive anticipation.
“With the addition of Minigrip, IBS has added a group of plastics professionals who have successfully built a store brand presence at Wal-Mart, Target, HEB, Meijer and ALDI,” Logan said. “Our potential is great and we look forward to fully developing this growth opportunity.”
The Inteplast Group acquisition included Minigrip Consumer Products Group, Minigrip Commercial Products Group (Bagco), Fantapak and Minigrip Thailand. The facilities in Seguin, Texas; Kennesaw, Georgia; and Livonia Michigan are continuing in full operations and have joined Inteplast’s facilities in serving the North American Market. Visit http://www.inteplast.com for more information.