BillerudKorsnäs is encouraging action against ocean litter in a series of just-announced U.S. events, in theme with this year's World Oceans Day. The Swedish company has outlined an ambitious mission to challenge conventional packaging and bring more sustainable practices to the industry. "Between the growing chorus from consumers to address single-use packaging waste to reports from ocean researchers on declining ocean health, the problem of ocean litter has reached critical awareness," said Peter Malmqvist, BillerudKorsnäs Marketing Director, Americas. "What we need now is collaboration for sustainable development." BillerudKorsnäs will bring together business leaders and consumers in a series of U.S. events as part of its mission to challenge conventional packaging, as well as its partnership with Tara Expeditions Foundation, a floating research institute studying the ecological crisis in the oceans on a globe-traversing schooner. Click Read More below 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