Colorado Industrial Packaging has been acquired by two members of the company’s former management team for an undisclosed price.
The Colorado Springs-based firm was founded during 1994 and was purchased from prior owner Bob Bartlett, who had owned the company for about seven years. The sale was brokered by Don Smith of Peak Business Brokers.
Brett Henricks, the company’s new CEO said he and Vice President of Sales and Marketing Brian Nickel saw new market opportunity, in spite of a tough 2009 economic climate.
The company manufactures packaging and boxes – both custom and standard-size containers – at its 2520 Aviation Way headquarters.
Betting on business growth over time, Henricks said the company just invested in new equipment that will allow them to produce small or large quantity boxes cost-effectively.
So far, the box converter is allowing them to more effectively compete with Denver companies trying to penetrate the local market.
“It’s already made a difference – we’ve had several customers take advantage of quick turnaround on large or even smaller orders of 10, 20 or 50 boxes. A lot of companies don’t want to have to buy 500 boxes at a time. We’ve been pleased with response so far.”
CIP’s customers include an aircraft manufacturer that does both commercial and military work with its very specific requirements.
“We specialize in a quick turnarounds and custom jobs — designed for customers who may not have time or want to pay for more expensive, time-intensive wood-crating,” Henricks said.
The company also serves walk-in clients, high tech, automotive or companies as well as supplies numerous neighborhood pack-and-ship centers.