As a Red Arts Capital portfolio company, Coregistics will continue to expand its market-leading position with the support of the firm’s vast network of industry experts
Today, Coregistics, a portfolio company of Red Arts Capital (“Red Arts”), announced the appointment of Victor Crawford as its new Executive Chairman. Victor served as an Executive Advisor to Red Arts prior to his new role. This appointment marks a moment of transition for Coregistics as the company deepens its industry knowledge and expertise with the addition of an experienced executive from within the Red Arts ecosystem.
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Victor Crawford, Executive Chairman (Photo: Business Wire)
Victor previously served as the CEO of the pharmaceutical segment at Cardinal Health, where he oversaw the distribution of healthcare and consumer products. Prior to Cardinal Health, Victor served as the COO at Aramark and as the President of North American field operations at Pepsi Beverages Company. He is currently the lead independent board director at The Hershey Company and a board member at Saputo.
“Victor’s extensive industry experience represents a strategic addition to the Coregistics team,” said Nicholas Antoine, Co-Founder and Managing Partner of Red Arts Capital. “He brings over 40 years of supply chain and distribution operations experience, and we are thrilled to have him on board. Under his leadership, we know Coregistics will continue to move in new and innovative directions.”
Victor began as an Executive Advisor to Red Arts, providing strategic insights on new investment opportunities and participating in the firm’s annual Supply Chain Executives Conference. Now, as Executive Chairman, Victor is positioned to execute Red Arts’ value creation strategy and lead Coregistics through its next phase of growth. Drawing on his prior experiences, Victor will continue to foster innovative solutions to support the evolving needs of Coregistics’ customers.
Red Arts Capital acquired Coregistics, now the largest pure-play contract packaging company in North America, in June 2022. The acquisition was financed through Red Arts Capital’s flagship fund, Red Arts Capital Opportunity Fund I, along with significant co-investment raised from LPs, family offices, and other strategic investors. Coregistics provides unique primary and secondary packaging solutions to a wide variety of consumer goods companies. From packaging design and material sourcing to customization and distribution, Coregistics delivers the right combination of services that customers need to successfully deliver their products to the market. With its strategic locations across North America, totaling over 3.0 million square feet of state-of-the-art space, Coregistics has the agility and scalability to meet the growing demands of its customers in a constantly changing industry.
“As our largest acquisition to date, which was made possible through significant co-investment with mission-aligned partners, this deal represents a new phase in Red Arts’ journey,” said Chad Strader, Co-Founder and Managing Partner of Red Arts Capital. “I first met Victor in 2010 when we were both working at Pepsi, and over our years working closely together, I have been incredibly impressed by his ability to build with strong teams and guide market-leading companies. This acquisition and our work with Victor are another step on our path to continue scaling Red Arts and improving global approaches to supply chains and logistics.”
About Red Arts Capital
Based in Chicago, Illinois, Red Arts Capital is a leading investment firm with over $300 million in assets under management, with a focus on supply chain-related and logistics businesses. Red Arts Capital seeks to partner with and invest in proven, successful businesses that are uniquely positioned in their market and led by superior management teams to execute the value creation strategy and generate strong shareholder returns. With sector expertise and a commitment to responsible stewardship and excellence, Red Arts Capital supports its portfolio companies through its operational playbook, world-class network of operating partners, advisory councils and supply chain expertise.
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