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Conner Industries Acquires Denver Reel & Pallet Company

Nov 01, 2023•over 1 year ago

Acquiring Company

Conner Industries

Acquired Company

Denver Reel & Pallet Company

Fort WorthLittletonManufacturing

Description

Conner Industries, Inc., a leading provider of lumber, industrial wood crates & pallets, and integrated packaging solutions, announced today the acquisition of Denver Reel & Pallet Company, a custom wooden crate and pallet business in Denver, Colorado. This latest acquisition marks the company's first investment in the Rocky Mountain industrial packaging market and its second major investment since July.

Company Information

Company

Conner Industries

Location

3800 SANDSHELL DRIVE, STE 235

Fort Worth, Texas, United States

About

Conner Industries is a leading provider of industrial wood and packaging solutions in the United States. They specialize in supplying cut lumber (softwoods, hardwoods, and panel products) needed for pallets, crates, and skid parts, fully assembled custom pallets, crates, integrated packaging solutions, and wide variety of services tailored to customer needs. With educated and knowledgeable salespeople, subject matter experts, an experienced design team, and packaging engineers on staff, Conner serves customers nationwide from 17 plant locations in Texas, Oklahoma, Kansas, Colorado, Nebraska, Tennessee, Kentucky, Virginia, South Carolina, Georgia, Alabama, and Florida.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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