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InnoPack Announces New Ownership
Vol. 803 
March 31, 2011

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Orange, CA-based supplier InnoPack USA (asi/62656) has been sold in a private transaction completed earlier this month, the company has announced. Per the deal, the current sales, customer service and management teams will remain the same, with the staff supplemented by the addition of new CEO and majority owner David Ealy. "It will be business as usual for our company," says Sara Galbiati, InnoPack's vice president of sales and marketing. "Our prior owner retired and a new partner has been brought in."

According to Galbiati, the move by InnoPack founder and now former owner Edward McCrink to retire was expected. The deal makes Ealy the new majority owner and present InnoPack executive Jon Johnston a minority owner, in addition to his standing position as vice president of operations. Ealy, who has ties to the ad specialty industry, has extensive experience in start-up firms, having recently built a brand-new company into a multi-million dollar entity in less than two years, according to an InnoPack statement.

Established in 2004, InnoPack specializes in health and beauty products, while also producing a line of pens. The company employs 10-15 people, depending on the time of year, and generates annual revenues of less than $1 million, according to Galbiati. "Our sales are up year-to-date and we're looking forward to putting into place an expansion program," she says. "We're growing."

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