US-based foodservice packaging company LBP Manufacturing has acquired Union Packaging for an undisclosed sum.
Established in 1999, Union Packaging produces fry cartons, chicken nugget boxes and other paper-based packaging products to quick-service restaurants (QSRs).
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The company offers services such as designing, printing, manufacturing and shipping of folding cartons, box packaging and disposable food containers.
According to LBP, the deal expands its product offerings with folding cartons and corrugated packaging solutions.
LBP Manufacturing CEO Matt Cook said: “Mike and his team have done an exceptional job over the past 20-plus years building Union into a world-class provider of QSR packaging.
“Their long-standing commitment to innovation and customer-centric culture align well with LBP’s core values. We look forward to continuing to invest in expanding our capabilities and are thrilled to add Union Packaging to our team.
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By GlobalData“Union’s manufacturing capabilities and increased capacity will allow LBP to expand its services and product mix to other clients.”
As part of the transaction, Union Packaging founder Mike Pearson is joining LBP as a consultant.
Pearson said: “LBP’s product innovation capabilities, broad manufacturing footprint and focus on customer service will allow Union to continue expanding its product offering and providing excellent service to its customers.
“Matt and his team align well with our culture, and I am excited to partner with them going forward.”
LBP, which is owned by Pritzker Private Capital and management, offers sustainable food and beverage packaging solutions, including original coffee clutch hot cup sleeves, catering trays and clamshells.
In November, the company completed the acquisition of Dominion QSR for an undisclosed amount.
