WNY Impact Investment Fund celebrates successful exit from Package Design & Supply

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."

Founded in 1995, Package Design & Supply manufactures and distributes customized packaging and shipping solutions to customers throughout North America. The company serves a diverse customer base across industries including medical, aerospace and defense, industrial manufacturing, food and beverage, and automotive.

The Fund's investment supported a business that has remained a durable source of employment in one of Buffalo's most economically challenged neighborhoods. Just as importantly, it helped position the company to pursue growth opportunities that extend beyond Western New York while maintaining its local presence.

The successful exit continues a growing track record for the Western New York Impact Investment Fund, which was created to prove that place-based investing can generate both competitive financial returns and measurable community impact.

The Fund has become especially adept at investing in manufacturing companies with a strong neighborhood revitalization component. Some of its portfolio highlights include Viridi, now a $35M company bringing an 800,000-square-foot factory back to life, and Top Seedz, which moved its manufacturing and HQ to downtown Buffalo three years ago as it continues to post incredible annual growth.

"When local businesses succeed, the benefits extend well beyond their balance sheets,” Quinn said. “They create jobs, support families and contribute to stronger neighborhoods. Package Design & Supply is an excellent example of that dynamic."

As the Fund celebrates another successful exit, it remains focused on identifying new opportunities to deploy capital into businesses and organizations that can generate both financial performance and lasting impact throughout the region.