Founded in 1984, PSI is a US-based supplier of container and packaging venting solutions worldwide, which protect container integrity, eliminate waste, and reduce shipping costs. The combination provides Selig with highly complementary adjacent capabilities to serve its customers more broadly on a global basis.
This transaction is Selig’s third acquisition and reflects its strategy to augment growth and expand its business model via complementary solutions.
“PSI is an exceptional company with a long history of growth, and has built its success on solving customers’ problems, a core value that Selig shares,” said Bill Crown, president and CEO of CCI.
“We look forward to supporting both Selig and PSI’s continued growth globally and further expanding the combined company’s capabilities and solutions.”
Steve Cassidy, president and CEO of Selig, said, “PSI’s culture of innovation, service and quality are well-aligned with Selig and will enable us to serve customers better as a combined organization with expanded capabilities and short, highly responsive product development cycles.”
Glenn Dunn, PSI’s president, said, “Selig is an ideal partner to support PSI’s team in its next phase of growth. This is a highly strategic combination which expands both companies’ product lines, enabling us to provide a more comprehensive solutions offering for customers globally. We will continue to focus on the innovative, high quality products and the exemplary service our customers rely upon.”
PSI will operate as a subsidiary of Selig and continue serving its customers from its Grand Rapids, Michigan, USA facility.
Selig Group is a global flexible packaging company that supplies technically-differentiated closure lining solutions for food, beverage, pharmaceutical, healthcare, personal care and industrial applications. It also manufacturers technical and flexible packaging products in Europe for pouch and other applications.