Coregistics, a Red Arts Capital Portfolio Company, Announces Acquisition of Belvika Trade & Packaging [Yahoo! Finance]
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Source: Yahoo! Finance
ATLANTA, November 14, 2024 BUSINESS WIRE )--Coregistics, a leading contract packaging company and a portfolio company of Red Arts Capital, is proud to announce the acquisition of Belvika Trade & Packaging (Belvika), a premier contract packaging provider to the food and beverage industry. This transaction establishes Coregistics as the largest pure-play contract packaging company in North America in terms of scale and revenue. Red Arts Capital acquired Coregistics in June 2022. The acquisition was financed through Red Arts Capital's flagship fund, Red Arts Capital Opportunity Fund I, along with significant co-invest raised from LPs, family offices, and other strategic investors. On a consolidated basis, Coregistics generates approximately $350 million in revenue and operates a North American footprint encompassing over 3 million square feet. Belvika, established in 1993 as a family-owned company, is a full-service supplier of contract packaging and supply chain solutions. Belvika
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