SigmaQ acquires Chippenhook

SigmaQ is a multinational supplier in Central America and the Caribbean. With over 2,000 collaborators, 10 factories in Central America and eight sales offices in Central America, the Dominican Republic, Mexico, the US and France, SigmaQ is an integrated manufacturer of flexible, plastic, corrugated and luxury packaging, labels and pre-press products for a broad range of Fortune 500 customers and regional clients. 

Chippenhook was founded in 1973 and is a widely recognized name in the jewelry, watch, optical, and international luxury brand markets for custom visual merchandising, packaging, and fixtures. Chippenhook is headquartered in Lewisville, Texas with a further presence in Hong Kong, China.

Chippenhook is the second major acquisition in this market segment in the US by SigmaQ, after Bufkor, one of the original manufacturers of jewelry and display packaging in the US, which it acquired nearly three decades ago. Bufkor display and packaging products which are fabricated at SigmaQ’s Specialty Products production facilities in El Salvador.

Barry Rutherford, former chief executive officer of Chippenhook, will become managing director of SigmaQ Luxury Products, a new business unit, which will comprise of Bufkor, Chippenhook and SigmaQ Specialty Products. He will be based in San Salvador.

Henry Yarhi, chairman and chief executive officer of SigmaQ Group, said: ‘We are very pleased to have Chippenhook join our family of companies. Its global supply background, positions our core group currently serving Central America and the Caribbean for an expanded presence increasing market share in the US and Europe.

‘Barry Rutherford brings over 35 years of experience in leadership positions in the US and Hong Kong, and will be a welcome addition to our management staff in San Salvador.’

Rutherford said: ‘This is a time of dynamic change in the global supply chain world. As we look forward, we could not have possibly found a better partner than SigmaQ.’