Sealed Air Corporation announced a three-year partnership with Gastromotiva, a nonprofit organization based in Brazil that uses the power of gastronomy, food, and education to address social inequality, improve nutrition education, fight hunger, eliminate food waste, and create local jobs. Since 2006, Gastromotiva has served more than 500,000 meals, recovered more than 220,000 pounds of food and engaged more than 100,000 people worldwide in nutrition education. Sealed Air’s investment will empower Gastromotiva to achieve food security goals that align across three pillars: *Education: Sealed Air and Gastromotiva will co-create a global education module on sustainable packaging and food waste reduction for students to learn more about innovations that minimize food waste. *Workforce Development: Sealed Air and Gastromotiva will develop a system to connect low-income youth and other vulnerable populations with Gastromotiva partners for job opportunities and career development. *Expansion: Gastromotiva will standardize its educational methodology and develop an integrated educational platform for expansion to strategic locations in Brazil and Mexico, which will ensure vulnerable communities have access to the Gastromotiva network of NGOs and partners working to create a sustainable food system.
Mill Rock Capital, a growth and operations oriented private investment firm, announced today that its portfolio company Mill Rock Packaging Partners LLC (“Mill Rock Packaging”) has acquired All Packaging Company (“All Packaging”), a leading specialty paper packaging company focused on various consumer end markets. Mill Rock Packaging is a growth-oriented specialty packaging company focused on leading design, innovation and technology; strong operational capabilities and unparalleled customer service. Terms of the transaction were not disclosed.
All Packaging, based in Aurora, CO and founded in 1946, is a leading, full-service provider of specialty paperboard packaging to the food and beverage, health and beauty, pharmaceutical and other consumer end markets. The company’s comprehensive service suite includes all requirements of a folding carton program, including graphic and structural design, prepress and proofing, printing and converting, in-house cutting and creasing and ancillary services. Customers rely on All Packaging to create packaging that enhances the consumer experience in both retail and e-commerce environments while maintaining brand integrity. All Packaging operates two facilities in Utah and Colorado.
All Packaging will continue operating under the leadership of President Kenneth Pepper, who has made a significant investment in Mill Rock Packaging, along with other members of senior management. The company becomes a sister company of Trojan Lithograph Corporation, which was acquired by Mill Rock Packaging in August 2020. The combination substantially increases the scale and scope of Mill Rock Packaging’s operations, which now comprise three converting facilities in the Western US, an enhanced product and service offering and a complete spectrum of world-class design, engineering and production capabilities. The combined platform will offer a more robust suite of products, services and fulfillment capabilities to new and existing customers.
“This combination creates a powerhouse in specialty paperboard packaging that represents a superior value proposition in the marketplace,” said Mill Rock Packaging Chairman Edward Rose. “We will continue to target growth with new and existing customers through the combined strengths of both companies and further planned investment in conversion capabilities, design innovation and automation.”
“We are delighted to join forces with Mill Rock Packaging,” stated Mr. Pepper. “Going forward we’ll sustain our commitment to our customers’ success, offering the same high-quality service with the combined resources of a broader platform.”
Deloitte Corporate Finance LLC; Katz, Sapper & Miller LLP and White & Case LLP advised Mill Rock Packaging on the transaction. BMO Sponsor Finance and PGIM Private Capital provided debt financing.