Wednesday, May 23, 2018
Business

Consolidator acquires Clearwater packaging company

Business briefs

Melco, a full-service provider of corrugated packaging and shipping supplies with a facility at 13200 40th St. N, Clearwater, has been acquired by SupplyOne Inc., a consolidator of specialty packaging manufacturers and packaging and supply distributors based in Devon, Pa.

Founded in 1969, Melco was purchased in 1988 by Art and Jeanne Abbo, who said, "We are very excited to become part of SupplyOne. Their decentralized operating culture, which promotes local decision-making, and their packaging service programs will ensure our continued growth. We pride ourselves on providing a better-quality product and delivering it with the best people and service."

"We are very pleased to welcome Melco's outstanding employees and valued customers to our growing network," said Bill Leith, president and chief executive officer of SupplyOne Inc. "We are confident our value-added service programs will deliver significant benefits to our new customers. Melco is built on a strong foundation of great people, excellent customer relationships and great service. It is an ideal fit with our operating culture."

The acquisition continues SupplyOne's growth strategy of acquiring profitable companies that are recognized leaders in their local market.

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