Foodservice packaging distributor Imperial Dade has reached an agreement to purchase US-based industrial paper products provider Jackson Newell Paper Company.
Imperial Dade has not revealed the financial details of the deal, which is its 31st acquisition under the leadership of CEO and president Robert and Jason Tillis.
With the addition of Jackson Newell, Imperial Dade will strengthen its position as a speciality distributor with 67 facilities in the country.
The acquisition will also boost Imperial Dade’s commitment to providing essential supplies amid the coronavirus pandemic.
Imperial Dade president Jason Tillis said: “The acquisition of Jackson Newell provides us with a foothold in the large and growing Mississippi market, which is key as we expand geographically and grow nationally with our customers. We enthusiastically welcome the Jackson Newell family into Imperial Dade.”
Jackson Newell is headquartered in Meridian, Mississippi, and has been operating for more than 90 years.
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It will leverage Imperial Dade’s platform to deliver customised service and expanded offerings.
Jackson Newell chairman and CEO Bill Allen said: “The legacy we have built here at Jackson Newell over the past 99 years will provide a great foundation for growth for Imperial Dade in our region.
“Under the leadership of Imperial Dade, we will be able to continue to provide exceptional customer service while accelerating the growth we have experienced in recent years.”
Earlier this month, the company expanded its operations in Texas with the acquisition of Great Southwest Paper Company.