Pretium Packaging’s Post

This is really interesting for anyone that works in distribution or around it. Very inspirational leadership at play: My colleague Asutosh Padhi recently had a fascinating conversation with John Engel, CEO of Wesco International, about the remarkable journey of their merger with Anixter. Here’s what stood out from their conversation: ➡️ Wesco’s integration with Anixter: This strategic merger has delivered stellar performance and positioned Wesco for future growth. Since uniting in 2020, Wesco has integrated both companies' strengths, focusing on people and culture. ➡️ John’s leadership vision: John believes that a vibrant culture is more crucial than strategy alone. This philosophy has guided his leadership and contributed to Wesco's success. ➡️ Big Data as a value driver: Under John's leadership, Wesco is digitally transforming, utilizing a world-class data lake to enhance services and support for supplier partners, making big data a pivotal value driver. This interview highlights how strategic clarity, disciplined execution, and technological adoption can drive extraordinary success, even amidst macroeconomic challenges. Read the full story here: https://lnkd.in/eHg9wK2n #Distribution #Leadership #DigitalTransformation #Culture #BigData

If you love success stories - I present you with SABMiller’s remarkable journey: From R30bn to R1.4tn in 20 Years! Reflecting on SABMiller’s incredible growth trajectory, it’s hard not to be impressed by their transformation from a regional player in South Africa to a global brewing giant. From 2010 until their acquisition by AB InBev in 2016, SABMiller’s share price skyrocketed, as illustrated in the graph. This meteoric rise was the result of deliberate, strategic decisions that catapulted the company’s value from R30 billion to a staggering R1.4 trillion in just two decades. How did they do it? One of the key drivers of SABMiller’s success was their ambitious global expansion into emerging markets. By tapping into fast-growing regions like Africa, Latin America, and Asia, they unlocked massive potential and significantly expanded their market share. Their focus on operational efficiency and cost management also played a crucial role. SABMiller streamlined its supply chain and cut costs aggressively, ensuring that profitability and sustainability went hand-in-hand. Another cornerstone of their success was brand diversification and premiumisation. By expanding into premium segments, they catered to a diverse range of consumer tastes globally, positioning themselves as a leader in every category. This speaks volumes about the importance of adapting and evolving to meet the changing needs of your customers. Strategic acquisitions and partnerships further fuelled their growth. Major moves like acquiring Foster’s and entering a joint venture with Molson Coors were pivotal in boosting SABMiller’s market presence and solidifying its global dominance. These bold moves remind us that, in business, timing and partnerships are everything. Lastly, SABMiller excelled by leveraging local expertise. They tailored their products and marketing strategies to resonate deeply with local markets, ensuring that their offerings felt authentic and relevant. SABMiller’s story is one of vision, strategic thinking, and relentless execution. If you’re looking to unlock similar growth for your business, now is the time to act. Whether through expansion, operational efficiency, or strategic partnerships, the path to success is built on intentional decisions. Let’s talk strategy and unlock your business’s full potential. #BusinessGrowth #Strategy #Leadership #GlobalExpansion #OperationalExcellence #CarrickWealth #SABMillerSuccess #UnlockYourPotential

The Vertex Group Welcomes RITEC Enterprises in Latest Merger RITEC Enterprises Inc. is delighted to announce their merger as an operating company within The Vertex Group, the parent company of Gilson Engineering , FLW Southeast, Inc. and Jasper Engineering & Equipment Company. Headquartered in Rochester, NY, RITEC is the 5th firm to join the group of companies. This strategic alliance positions all four distinguished firms as sister businesses under the umbrella of The Vertex Group, formerly known as Jasper Holdco. This transformative merger consolidates the strengths of these leading manufacturer's representatives and distributors, enhancing their formidable presence across 30 states covering the entire East Coast, and Midwest regions of the U.S.   Matt Gallagher, CEO of Vertex Group, expressed enthusiasm about the merger, stating, "RITEC is an excellent fit within our growing platform in terms of culture, geography, technology, and service capabilities. They (RITEC) share numerous key product technologies and vendor partnerships with our group and bring many unique capabilities in networking, IIOT and value-added operations for software, panel build and analytical systems. The synergies created by the shared offerings and new capabilities will allow us to better serve our customers and deliver best-in-class solutions across our footprint. Additionally, this collaboration opens up new avenues for growth and development for our dedicated employees within the expanded organization."   RITEC was founded in 1973 by Norm Poisson, as a manufacturer's representative for instrumentation, valves and gas analyzers. Over time, they have grown into a premiere manufacturing rep/distributor for Process Instrumentation, Industrial Communications and Wireless (IIOT), Gas Analytics, and Valves. John Poisson, Norm's son, joined the business in 1994 and took over as President in 2013. RITEC operates under "RITEC Enterprises" and within two Joint Venture practices (RITEC Environmental and RITEC PEMCO). With a team of 19 employees serving multiple states in the New England region, RITEC will continue to operate under its established brand name and maintain its headquarters in Rochester, NY. John Poisson and the rest of the RITEC team will remain in their roles focused on continuing the growth and success that they've built over the years. John Poisson, President of RITEC, shared his excitement over the announcement noting, "Having just completed our 50th year in business, we're excited that this merger will provide RITEC the resources and tools to continue our vision of growth going forward. I am excited to work alongside the peers within Vertex that I have known and respected for many years through our shared product lines. The strength and alignment of this merger is unique to the industry, and we look forward to the opportunities this will bring for our employees, customers and principal partners." #vertexgrp #ritec #flwse #gilsonengineering #jasperengineering

As we approach the merger between WestRock Company and Smurfit Kappa, significant leadership changes are on the horizon. Current WestRock CEO David Sewell will step down after the deal finalizes on July 5th, with Tony Smurfit set to lead the newly formed Smurfit WestRock. In a recent interview with Packaging Dive, Sewell reflected on his tenure and shared insights about the company's future. A standout achievement is the upcoming $140 million corrugated box facility in Pleasant Prairie, Wisconsin, which will drive efficiency through automation. Since March 2021, Sewell has steered WestRock through challenging times, increasing sales from $17.6 billion to $20.3 billion. His focus on strategic acquisitions and optimizing the company's footprint was crucial during the volatile COVID period. Looking ahead, the merged company will continue to emphasize high-value services, better margins, and customer satisfaction under Tony Smurfit’s leadership. Innovation and strategic investments remain key to future growth. Sewell praised the WestRock team for their dedication and hard work, positioning the company well for this transition. The merger sets a promising stage for Smurfit Kappa to enhance its leadership in the packaging industry. Excited to see what the future holds for Smurfit WestRock! For further details on the interview, have a look at the following article: https://lnkd.in/eAY-SfbS #Leadership #PackagingIndustry #WestRock #SmurfitKappa #Innovation #BusinessGrowth #Sustainability #Manufacturing #MergersAndAcquisitions

My colleague Asutosh Padhi recently had a fascinating conversation with John Engel, CEO of Wesco International, about the remarkable journey of their merger with Anixter. Here’s what stood out from their conversation: ➡️ Wesco’s integration with Anixter: This strategic merger has delivered stellar performance and positioned Wesco for future growth. Since uniting in 2020, Wesco has integrated both companies' strengths, focusing on people and culture. ➡️ John’s leadership vision: John believes that a vibrant culture is more crucial than strategy alone. This philosophy has guided his leadership and contributed to Wesco's success. ➡️ Big Data as a value driver: Under John's leadership, Wesco is digitally transforming, utilizing a world-class data lake to enhance services and support for supplier partners, making big data a pivotal value driver. This interview highlights how strategic clarity, disciplined execution, and technological adoption can drive extraordinary success, even amidst macroeconomic challenges. Read the full story here: https://lnkd.in/etmwA9zF #Leadership #DigitalTransformation #Culture #BigData

My colleague Asutosh Padhi recently had a fascinating conversation with John Engel, CEO of Wesco International, about the remarkable journey of their merger with Anixter. Here’s what stood out from their conversation: ➡️ Wesco’s integration with Anixter: This strategic merger has delivered stellar performance and positioned Wesco for future growth. Since uniting in 2020, Wesco has integrated both companies' strengths, focusing on people and culture. ➡️ John’s leadership vision: John believes that a vibrant culture is more crucial than strategy alone. This philosophy has guided his leadership and contributed to Wesco's success. ➡️ Big Data as a value driver: Under John's leadership, Wesco is digitally transforming, utilizing a world-class data lake to enhance services and support for supplier partners, making big data a pivotal value driver. This interview highlights how strategic clarity, disciplined execution, and technological adoption can drive extraordinary success, even amidst macroeconomic challenges. Read the full story here: https://lnkd.in/dKV9tZEG #Leadership #DigitalTransformation #Culture #BigData

Organizations often face the challenge of ensuring alignment during times of growth or change. Join Cynthia Coffey from Cox Automotive Inc. at our VSM Summit to gain valuable lessons on how they used VSM to address organizational alignment challenges. Learn how they digested dozens of acquisitions, built an impressive brand portfolio, eliminated overlapping data sets, and reduced product management blind spots. Register now to learn from Cynthia, Matthew Gorbsky and other Broadcom's ValueOps Value Stream Management industry leaders at our VSM Summit: https://lnkd.in/eCYJ6NCR #ValueOpsVSM #ValueStreamManagement #DigitalTransformation

When one thinks of competitors, a few ideas that come to mind are rivalry and feud. In fact, competition is often portrayed as a game where one side emerges as the winner and the other as the loser. But what if I told you that cultivating robust relationships with your competitors could be one of the most advantageous investments for your business? Contrary to conventional wisdom, fostering strong relationships with competitors can yield unexpected benefits beyond mere rivalry. Collaboration in the face of competition can lead to mutual growth and innovation. By engaging with competitors, businesses can share insights, resources, and best practices, ultimately raising industry standards and expanding the market for everyone involved. Furthermore, establishing a network of trusted competitors can create opportunities for strategic alliances, joint ventures, and even acquisitions, driving collective success in a dynamic marketplace. Embracing cooperation amidst competition not only promotes a healthier business ecosystem but also demonstrates a commitment to long-term sustainability and industry leadership. #decisionmaking #decisionmakingskills #Kensho

Who attends Durbin Leadership Executive Roundtables? Owners and Executives from industries such as: Financial Services Roofing Insurance Mergers and Acquisitions Automotive Online Retail Commercial Cleaning Engineering Wood and Plastic Products Managed Service Providers Utility Services Accounting Coaching and Consulting Building Materials… and more Regardless of the business we own or operate, we all face the same challenges. Systems, logistics, cash flow, people, strategy, communication, or facilities… We could all benefit from the hard earned wisdom of another owner. If you’d like to hear more about one of our leadership Roundtables, DM us, we would love to have you in the room! #roundtable #business #businessowner #businesschallenge #businesschallenges #businesssolutions #smallbusinessowner #businesstips #businessman #businesswoman #businessmadesimple #executive #executiveleadership

🔊 Join Partnership Leaders Upcoming Webinar: The Intersection of M&A and Partnerships! 🚀 Are you looking to enhance your understanding of how mergers & acquisitions (M&A) and strategic partnerships can work together to drive business growth and innovation? 🌟 In this 20-minute session, we will delve into: 🔹 The fundamentals of M&A and partnerships 🔹 Key strategic considerations 🔹 How these strategies can complement each other to create value 🔹 Real-world case studies and examples 🔹 Challenges, risks, and best practices for success Register now here: https://lnkd.in/dc9WRPVP Hexagon Manufacturing Intelligence, #leadership, #partnerships, #strategy