AEA Investors acquires Inovar Packaging Group

Headquartered in Arlington, Texas, Inovar Packaging Group is a converter of prime labels and flexible packaging, and serves blue chip customers within a diverse set of end markets including, among others, health and personal care, nutraceuticals, industrial, pet food and supplies, and food and beverage.

Attayek recently served as CEO of Tapp Label, a specialty prime label converter within the wine and spirits end markets. Prior to Tapp Label, he spent 18 years at York Label, building one of the largest pressure-sensitive label converters in North America. He also worked with Avery Dennison in the early 1990s for a short period.

AEA Investors was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. Its active individual investors include a network of more than 75 of the world’s leading industrial families, business executives and former government leaders. AEA Private Equity invests across four sectors: value added industrial products, specialty chemicals, consumer/retail and services. Current investments include Pro Mach Group, a provider of automated packaging machinery systems and related aftermarket products, while Sovereign Specialty Chemicals, a developer and supplier of high-performance specialty adhesives, sealants and coatings, is a former investment.

‘We are honored to become part of the AEA family,’ commented Attayek. ‘This partnership with AEA will allow us to continue to build our business organically and through future acquisitions. We recognize this investment is the result of the hard work and dedication of all of Inovar’s employees and the ongoing support of our customers and vendor partners. We take pride in the service we provide our customers and will work hard to continue to earn their business and grow with them, which is our primary focus.’