LBP Manufacturing LLC announced it has acquired Union Packaging, a leading producer of fry cartons, chicken nugget boxes and other paper-based packaging products to national quick-service restaurants. Financial terms of the transaction were not disclosed.
Chicago-based LBP is a leading global producer of sustainable and innovative food and beverage packaging. The acquisition of Union Packaging, following LBP’s November 2018 acquisition of Dominion Packaging’s quick-serve segment, further expands LBP’s product offering to provide customers with a full suite of folding carton and corrugated packaging solutions. Mike Pearson, founder of Philadelphia-based Union Packaging, is joining LBP as a consultant as part of the transaction. LBP is owned by Pritzker Private Capital and management.
Pearson says, “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.”
“Mike and his team have done an exceptional job over the past 20-plus years building Union into a world-class provider of [quick-service restaurant] packaging,” said Matt Cook, CEO of LBP. “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. Union’s manufacturing capabilities and increased capacity will allow LBP to expand its services and product mix to other clients.”
Thomas Chadwick, Vice President at Pritzker Private Capital, adds, “This acquisition provides further scale to LBP across a number of products to best serve LBP’s existing and future customers. We continue to enthusiastically support Matt and his team as they further bolster their value proposition to customers.”