Chicago-based food packaging producer LBP Manufacturing LLC (LBP) has agreed a deal to purchase the Pennsylvanian firm Union Packaging.
The deal was announced by LBP on Monday and will allow the firm to offer customers Union’s range of folding carton and corrugated packaging solutions.
The financial terms of the deal have not been disclosed, but Union Packaging’s founder, Mike Pearson, will join LLP as a consultant as part of the transaction.
He said: “BP’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’s CEO, Matt Cook, sang the praises of Pearson and described Union as a “world-class provider of QSR packaging.”
He added: “We look forward to continuing to invest in expanding our capabilities and are thrilled to add Union Packaging to our team. Union’s manufacturing capabilities and increased capacity will allow LBP to expand its services and product mix to other clients.”
Union is a leading producer of fry cartons, chicken nugget boxes and other paper-based packaging products for quick service restaurants, and the acquisition marks further expansion for LBP, who purchased Dominion Packaging’s QSR segment last November.
LBP claims that it “combines innovation and performance to develop consumer-preferred, sustainable, over-the-counter foodservice packaging” and operates globally, with facilities both in the US and abroad.