GPA Global, a supplier of full-service packaging solutions serving consumer electronics, healthcare, jewelry, beauty and wine and spirits markets across North America and Europe, is changing hands!
Ontario Teachers’ Pension Plan Board has acquired a co-control stake in the company from EQT Private Equity and other minority shareholders. Ontario Teachers is a global investor with net assets of $242.5 billion as at June 30, 2022. GPA Global said the transaction will allow them to further pursue new and existing markets and expand its capabilities.
GPA’s two founders, Tom Wang and Adam Melton, will roll over their respective ownership and continue to lead the company.
With more than 1200 employees around the world, bringing local knowledge and expertise, GPA Global offers the whole package across design, engineering, vendor management, production, and distribution of packaging. Manufacturing footprint in Asia, North America and Europe allows the company to design and deliver anywhere and everywhere, worldwide. GPA has received a Platinum sustainability rating from EcoVadis.
At the beginning of the year, GPA Global has bolstered its presence in Europe with the acquisition last month of Polish packaging manufacturer ASG, which specializes in high-quality folding cartons and rigid boxes for the luxury industry.