Packsize, a Salt Lake City-based maker of right-sized, on-demand packaging, has announced it has acquired the packaging business of Panotec, an Italian manufacturer of high- and low-automation, right-sized packaging machines.
Under the agreement, Packsize will grow its machine portfolio while expanding its combined installed customer base in over 50 countries throughout North America, Europe and beyond.
"This acquisition further aligns our go-to-market approach and strengthens our ability to offer more flexibility and choice to businesses looking to optimize packaging operations while reducing waste and cost," said Brian Reinhart, chief revenue officer of Packsize. "Just as importantly, it brings together teams that share a similar innovative vision for the future of right-sized packaging, making us better positioned to accelerate growth and deliver even greater value globally."
The newest addition of Panotec to the Packsize portfolio builds upon the April 2025 acquisition of Sparck Technologies, which combined Packsize's technology and service model with Sparck's fit-to-size box systems and lid-and-tray systems.
"We're excited about this acquisition and what it unlocks for Packsize and our customers," said Kellen Frey, chief operating officer of Packsize. "This move strengthens our core technology capabilities and positions us to deliver even more scalable, efficient, right-sized packaging solutions. By combining talent, technology, and capacity, we continue to broaden our global capabilities with an emphasis on delivering best-in-class quality and service for our expanding customer base."
"We look forward to leveraging the combined strengths of our companies to provide an unparalleled product selection and service to the markets we serve," said Carlo Capoia, vice president of Panotec.
The transaction is expected to close upon the satisfaction of customary closing conditions, including receipt of applicable regulatory approvals and completion of the required consultation process with applicable unions.
Packsize currently employs over 900 people globally in 28 countries, with major regional headquarters in Herford, Germany, and Enköping, Sweden, in addition to its Utah headquarters.
