Cascades invites media representatives to the official inauguration of its packaging plant in Piscataway, New Jersey . This state-of-the-art equipment represents an investment of US$76 million. Dignitaries, customers, suppliers and employees will all attend this eagerly anticipated event, which takes place at the plant itself (located at 1 Turner Place, Piscataway, NJ ), at 9:30 a.m. on Thursday, April 18. The new plant makes corrugated packaging using some of the fastest, most modern equipment in the world. It employs 170 people. Click Read More bellow for additional information.
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Imperial Packaging Inc., to Seaboard Folding Box Company Inc., a platform company of private equity firm Charter Oak Equity. The acquisition closed April 11, 2017. Details were not disclosed.
Imperial Packaging, based in Pawtucket, Rhode Island, produces folding cartons, packers, tags and inserts, and headers utilizing conventional offset and UV-curable inks and coatings. The company also offers hot stamping, window patching, and sheet-to sheet laminating for a diverse mix of value-added options including structural CAD design, inventory management and other ancillary services.
“We are motivated to join the Seaboard platform and make this forward expansion of services and technology for our clients and our company,” said Imperial President Steven Felici. “Teaming up with Seaboard will increase the service levels and quality we can offer our customers and provides scale, resources and capabilities.” He will join Seaboard as Sales Director.
Seaboard Folding Box, based in Westminster, Massachusetts, is a full-service provider of custom packaging that has been in business for more than 60 years. The company compliments Imperial’s offerings with the latest industry-leading equipment and technology in a new state-of-the-art facility.
Seaboard Folding Box is a portfolio company for Charter Oak Equity, which invests in niche manufacturing, packaging, medical products & services, specialty chemicals, consumer products, and financial services companies up to $150 million in enterprise value. The deal further enhances Seaboard’s position as the leading quick-turnaround provider of paperboard packaging solutions to the northeastern region of the U.S.
“The acquisition of Imperial Packaging is an important next step in advancing our growth strategy and will create significant value for our customers and employees,” said Seaboard General Manager Mark Swisher. “Through this transaction, we will add scale and diversity, which will strengthen our portfolio of paper and packaging solutions. The management team at Imperial shares our visions to provide our customers with packaging solutions that are a winning differentiator in the marketplace.”
more at: http://www.prnewswire.com/news-releases/generational-equity-announces-sale-of-imperial-packaging-to-seaboard-folding-box-300465121.html