US food packaging manufacturer Inno-Pak has announced the acquisition of Albany Packaging.
Albany specialises in the design and manufacture of custom and stock folding paperboard cartons, ranging from bakery boxes to various food packaging solutions such as trays and takeout boxes. The company operates a manufacturing facility in Ontario, Canada, catering to customers in the food service, grocery and convenience store sectors.
Chris Sanzone, chief executive officer of Inno-Pak, said: “…This acquisition increases our North American integrated manufacturing capabilities and marks a crucial step in our manufacturing expansion plan to create an even more resilient supply chain. Albany also deepens our ongoing investments in paper capacity as we continue to innovate to make packaging more eco-friendly.”
Jon Sill, chairman of Inno-Pak, commented: “Inno-Pak stands at an important inflection point with several favourable trends in our end markets of the food service, grocery, convenience store and hospitality industries. The acquisition of Albany enhances our ability to capitalise on these positive trends with one of the most diverse custom and stock folding carton programmes. With our recent portfolio additions and our continued investments in innovation, we are better positioned to serve our customers.”
Terms of the deal were not disclosed.
© FoodBev Media Ltd 2024