Smurfit-Stone in packaging joint venture with Quality Assoc.
Feb. 27, 2007 - Smurfit-Stone Container and Quality Associates said they have executed a definitive agreement to form a joint venture and operating agreement between the two companies, it was announced today.
Under the joint venture, Smurfit-Stone will provide all design and graphics services, packaging materials, display components, and business development support. Quality Associates will supply value-added design and packaging services such as assembly, carton packing, shrink wrap, blister sealing, labeling, bundling, and warehousing.
All services and solutions will be provided under MBE tier 1 spending guidelines as the joint venture will be a Minority Owned Business Enterprise, Smurfit said.
"The most compelling part of this alliance is that it is squarely focused at a critical customer need," said Steve Klinger, Smurfit-Stone president and chief operating officer.
"The best consumer packaged goods companies (CPGs) and leading retailers are looking for opportunities to enter into strategic relationships with Minority Business Enterprises that have a verifiable track record of success and a robust menu of services that meet targeted needs," he added.
SOURCE: Smurfit-Stone Container Corp.