through November 9, 2020 3:15 P.M. 1,465 views
Pacific Northwest custom packaging company has reached agreement to purchase Tango press, a digital printing and packaging startup in Springdale.
The box maker, a digitally printed packaging manufacturer based in Kent, Wash., says the deal is expected to be finalized by the end of 2020. The company was launched in 1981 and offers packaging, displays and corrugated cardboard labels produced digitally since 2011.
Financial terms were not disclosed.
John Ballentine and Steve Toth launched Tango Press in 2016 as a fully digital production facility for corrugated packaging and displays. The company operates from a 15,000 square foot facility near Interstate 49 in Springdale.
âTango Press was born out of our experiences in the industry and the need to provide customers with printed packaging on short notice and with high graphic quality,â Ballentine, president of the company, said in a statement. âJoining The BoxMaker will be an important step in advancing digital printing and conversion for the future of the packaging industry. By leveraging the best equipment, operations, people, services, knowledge and technology, we will be able to expand our offering and accelerate our time to market, allowing us to better meet the needs of our customers.
By 2022, the digital packaging market (inkjet and toner) will grow by nearly 13% per year to exceed $ 22 billion, according to consulting firm Smithers.
The BoxMaker has seven locations across Washington and Oregon.
A spokeswoman for The BoxMaker said Toth will be leaving the company voluntarily. Ballentine will continue to hold a management position at Tango Press, which will retain its business name for the immediate future. The 15 employees of the company will remain in the workforce.
The BoxMaker will have around 200 employees when the deal is finalized. No real estate is included in the purchase. However, the acquisition of Tango Press is part of The BoxMaker’s larger multi-million dollar expansion plan, which will also include a purpose-built facility near Springdale.