The Fund's investment stabilized an important source of jobs on Buffalo's East Side while leading to a successful exit.
Via the WNY Impact Investment Fund...
The Western New York Impact Investment Fund is proud to announce the successful completion of its investment in Package Design & Supply, marking the fourth portfolio exit in the Fund's history.
Terms of the transaction are not being disclosed.
The exit follows continued growth at Package Design & Supply (PDS), including the company's recent acquisition of Spring Cove Container, a Pennsylvania-based packaging manufacturer that expands PDS's production capacity and geographic reach.
For the WNY Impact Investment Fund, the milestone is an example of its core investment philosophy in action: generating attractive financial returns while creating meaningful social impact in Western New York.
When the Fund invested $750,000 in PDS in 2024, the objective was to stand behind a longstanding East Side manufacturer with approximately 30 employees and a new ownership group committed to growing the business while maintaining its Buffalo roots.
At the time, the investment helped refinance existing debt, stabilize operations and position the company for future expansion.
PDS has continued to invest in its business, expand its capabilities and pursue strategic growth opportunities. The acquisition of Spring Cove Container is the latest indication of the company's momentum and long-term bright outlook in Buffalo.
"We are pleased with the outcome of this investment and proud of what the company has accomplished," said Tom Quinn, CEO of the Western New York Impact Investment Fund. "Our investment thesis centered on preserving and strengthening an important manufacturing employer on Buffalo's East Side while supporting a management team with a clear vision for growth. This successful exit demonstrates that impact investing can deliver meaningful benefits for both investors and the community."
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