Handgards, a distributor of foodservice products based in the US, has acquired Albany Packaging USA.
The financial specifics of the transaction have not been made public.
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Albany Packaging, located in Deerfield Beach, Florida, focuses on supplying foodservice packaging, particularly paper folding cartons, to supermarkets, bakeries, restaurants and convenience stores.
Its product range includes paper-based folding cartons and additional foodservice packaging solutions, such as coffee sleeves.
Handgards CEO Joe Kubicek stated: “We are thrilled to welcome Albany Packaging to the Handgards family. Albany’s presence in paper-based foodservice packaging and its reputation for quality make it a perfect complement to our existing product portfolio.
“Together, we will expand our capabilities and better serve our customers across the foodservice industry,”
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By GlobalDataHandgards operates as a portfolio company under the private equity company Wynnchurch Capital.
Foley & Lardner LLP served as the legal advisor for Wynnchurch during this acquisition.
Handgards’ range of foodservice products includes disposable gloves, paper foodservice packaging, tabletop items and carryout products.
The company manages 14 facilities with more than 1.5 million square feet of operational space and ships more than 24 million cases of products each year.
Albany Packaging US owners Mitch Fisher and Jay Fisher commented: “Joining forces with Handgards allows us to accelerate our vision and bring even more value to our customers.
“Their culture, leadership and track record make them the right partner to take what we’ve built and elevate it to the next level.”
