Report from Chris on the Chicago Trip (6/19/2013)_x000D_
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1st Meeting:_x000D_
Kenneth “Kenâ€ Sweet – VP of Information Technology_x000D_
Pregis Corporation (Protective Packaging Solutions)_x000D_
1650 Lake Cook Road, Suite 400_x000D_
Deerfield, IL 60015_x000D_
847-597-9409_x000D_
224-545-6933_x000D_
Ksweet@pregis.com_x000D_
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He said to follow up in September_x000D_
www.pregis.com_x000D_
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Pregis is approximately a $500 million dollar company.   They consist of 3 companies:_x000D_
Pregis Protective Packaging Solutions – North America_x000D_
Pregis Protective Packaging Solutions – Europe_x000D_
I forget the 3rd_x000D_
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IT overview_x000D_
IT is located in Illinois and Europe.  They have roughly 20 full-time IT guys (10 hear and 10 in Europe).   They have been buying many companies and as a result they have many different ERP systems.   Their Financial and accounting systems are in SAP  (Microsoft with an Oracle Backend).    Their Order-to-cash is on a AS400,  For BI they use Cognos. Currently upgrading from version 7/8 to Version 10_x000D_
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They are big into outsourcing and have outsources everything.  They are working with:_x000D_
•	Third Wave (www.tspl.com)_x000D_
•	MicroExcel (www.microexcel.com) _x000D_
•	InnovaPoint Intotech (wwwlinnovapoint.com)  - Pune_x000D_
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 He signs annual agreements with these companies and they expire on 12/31.  He said he is always interested in looking at other alternatives.  He said to contact him September.  In order to be considered we need to provide:_x000D_
•	Company capabilities and expertise_x000D_
•	Costing _x000D_
•	Past performance_x000D_
•	References (this is big)_x000D_
He is a relationship type of guy_x000D_
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NOTE:    PREGIS is owned by a Private Equity Company.  Pregis is currently for sale along with the European group_x000D_
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In regards to investing more into IT, there are 2 key things that have to happen_x000D_
1)	Sell the European Business.    This was supposed to have happened this 1st quarter.     Ken created a budget based on Europe being eliminated.  Since they are still here, his budget is shot and he can’t start anything new until Europe is Sold_x000D_
2)	Company gets bought.      Ken would like to blow up the infrastructure and roll out SAP (or another alternative) to the Manufacturing Environment.   He thinks he can do this should another Private Equity Firm buy them.   If another Manufacturing Firm buys them, then Ken will most likely be gone.    In preparation, Ken is meeting with Oracle and JD Edwards.