Peterson Backs Packsize

Packsize Corp., a Salt Lake City-based provider of lean packaging solutions for businesses with corrugated packaging needs, has raised $4.6 million in private equity funding from Peterson Partners.

PRESS RELEASE
Peterson Partners, a leading Intermountain West investment firm, has made a $4.6 million investment in Packsize Corporation. Jordan Clements, Managing Partner of Peterson Partners, announced the new strategic partner relationship between the two firms. We are pleased to become partners with Hanko Kiessner and the Packsize team, Mr. Clements said. Working with talented and visionary business leaders, like those at Packsize, is at the heart of our business.

Headquartered in Salt Lake City, Utah, Packsize is the world's leading provider of lean packaging solutions for businesses with complex corrugated packaging needs. Packsize was founded in Northern Europe and first introduced the concept of Right-Sized Packaging On Demand. The Packsize system delivers an alternative to the existing corrugated supply chain by eliminating the need for large inventories of pre-ordered cardboard boxes, reducing the footprint of the packaging process, and trimming labor required for boxing and shipping.

Hanko Kiessner, Founder and CEO of Packsize, recognized the need for improved efficiency in the corrugated packaging supply chain. Manufacturing in the US has transitioned to become lean and extremely flexible, which requires a new approach to how corrugated packaging is provided, commented Mr. Kiessner. As a result of Mr. Kiessner's innovative approach and entrepreneurial spirit, Packsize has grown to be the leader in corrugated packaging design, technology development and lean solution delivery. This investment highlights Peterson's commitment to partnering with exceptional entrepreneurs and business owners, remarked Rick Stratford, the partner leading the investment for Peterson. We look forward to working closely with Hanko and assisting to build one of the Intermountain region's premier companies.

About Packsize:

Packsize Corporation, based in Salt Lake City, Utah is the global leader in corrugated packaging supply chain management. Packsize has been recognized by industry experts as the leading innovator in corrugated packaging design and delivery. Ken Rohleder, Vice President of Packsize and supply chain expert: Packsize has scaled box-making technology for a single user and standardized raw materials so that boxes can be made on-demand right next to the pack line. Our business model dovetails perfectly with the principles of lean manufacturing. www.packsize.com

About Peterson Partners:

Peterson Partners, based in Salt Lake City, Utah is one of the Intermountain West's most successful private equity firms. Specializing in small to mid-sized companies, Peterson Partners has a track record of successful investments including JetBlue, Making Memories, EnergySolutions, Asurion, Instashred, Winder Farms and Diamond Rental. Founded in 1995, Peterson Partners has over $300 million under management through four funds. www.petersonpartnerslp.com