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Based in Houston, Texas, the company was founded as Universal Packing and Gasket in 1940 and was renamed to UTEX Industries in 1969. Grey Mountain Partners purchased UTEX in 2005 and sold it in 2007 to Audax Group, which sold it to Rhône Group in 2010. Private equity firm Riverstone Holdings purchased UTEX Industries for $825 million in 2013.
They headed Mid-America Packaging, a single kraft paper mill in Pine Bluff, Arkansas, acquired from Weyerhaeuser in December 1985 for $28 million. Soon after the acquisition of the former Crown Zellerbach assets, the headquarters of Gaylord Container were moved from One Bush Street in San Francisco to Illinois. [16]
Uline was founded in 1980 by Elizabeth "Liz" and Richard "Dick" Uihlein. Richard Uihlein is a descendant of the brewers of Schlitz beer. [1] With start-up funds from his father, Edgar Uihlein, Richard and Elizabeth founded the company from their basement after recognizing a local need for a shipping supply distributor.
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In 2009, the company opened a new design center and project-management facility in Hong Kong, operating under the name Packaging Corporation of Asia Limited. The company has acquired many companies, including Boise Inc. in 2013, [ 5 ] TimBar Corporation [ 6 ] and Columbus Container, Inc. [ 7 ] in 2016, Sacramento Container Corporation in 2017 ...
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