By David Willey, Benzinga
Premier Packaging Corp is a turnkey paperboard and folding carton packaging company that provides top-quality design, manufacturing, inventory management, and other services. Wholly owned by DSS, Inc. (NYSE American: DSS), a multinational company that incubates and operates a diversified portfolio of companies in nine divisions and around 40 companies, Premier Packaging has seen very healthy increases in revenue and income. In the First Quarter, Premier Packaging contributed (See First Quarter filing with line item revenues and income) to its parent company.
DSS recently announced the impending spin-off of one of its biotech subsidiaries, Impact Biomedical, Inc. This spinoff and stock dividend has drawn attention to other companies that are part of the DSS family, including some other potential spin-offs coming this year.
Premier Packaging is the only company in DSS paperboard and folding carton product packaging division. With more than 30 years of experience in the sector, the company has established itself with a customer-first mentality and seeks to provide innovative solutions at every point of the packaging process.
Premiers Place In The Packaging Industry
The premium packaging industry in the United States is currently worth just over $193 billion and is predicted to reach $222 billion by 2028 at a compound annual growth rate (CAGR) of 2.8% over 2022-2028. Along with Premier Packaging, other companies that are active in the paperboard and folding carton packaging industry include Amcor (NYSE: AMCR), WestRock (NYSE: WRK) and Packaging Corporation of America (NYSE: PKG).
Premier Packaging looks to be orienting itself toward the future with its Premier Green Initiative which seeks to design and practice environmentally sustainable packaging solutions. The drive for sustainability is already radically transforming the packaging industry and companies that adapt to this new environment could prove resilient in the sector.
Premier Packaging reports that it exemplifies this resilient attitude with its environmentally conscious approach. It is committed to crucial and competitive weight and material reduction of its packaging and constantly seeks more sustainable solutions at every point of its supply chain. In fact, the company has met and exceeded all of the sustainability requirements from the Leadership in Energy and Environmental Design (LEED).
There are also some commitments Premier Packaging makes to customers to set itself apart in the sector. It provides original creative designs matched with cost-effective production to ensure that its customers get Premier quality at the most affordable price point possible. The company reports extensive experience in strict compliance, and it operates within all the regulations set by the Food and Drug Administration (FDA), government agencies and high-profile companies.
Premier Packaging provides comprehensive paperboard and carton folding packaging solutions for a diversified range of industries, including food, beverages, medical devices, consumer products, photos, printing and more.
It also offers a vendor management service to give its customers an additional layer of assistance. As part of this service, the company leverages its decades of expertise in supply chain management to offer forecasting, logistics, procurement and inventory management services.
DSSs Premier Packaging subsidiary is an example of the companys business plan of developing its various business entities to increase enterprise value with the potential of monetizing the businesses for DSS shareholders.
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