Special to 1808Delaware
Delaware-based Inno-Pak, LLC (“Inno-Pak” or the “Company”), a portfolio company of Emerald Lake Capital Management and a leading designer, manufacturer, importer and supplier of innovative, eco-friendly packaging for prepared and takeout foods, today announced that it has acquired Albany Packaging Inc. (“Albany”).
Albany specializes in the design and manufacture of custom and stock folding paperboard cartons, including bakery boxes and food packaging items such as trays and takeout boxes. Albany has a manufacturing facility in Ontario, Canada, which services customers across the food service, grocery and convenience store channels.
“We are excited to add Albany’s facilities, products and people to Inno-Pak as we strive to bring our world-class customers the best packaging available anywhere,” said Chris Sanzone, Chief Executive Officer of Inno-Pak. “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, added, “Inno-Pak stands at an important inflection point with several favorable trends in our end markets of the food service, grocery, convenience store and hospitality industries. The acquisition of Albany enhances our ability to capitalize on these positive trends with one of the most diverse custom and stock folding carton programs. With our recent portfolio additions and our continued investments in innovation, we are better positioned to serve our customers.”
“We are excited by Inno-Pak’s focus on innovative, sustainable, high-quality packaging, which is reflected in its vast product offering and differentiated ability to work across multiple substrates and product types to stay ahead of consumer preferences and trends,” said Stan Engelberg, Owner of Albany. “We look forward to building on our success and taking our dedication and service to our customers and the environment to the next level together with Inno-Pak.”
The transaction marks the third acquisition by Inno-Pak over the past two years, following the acquisitions of Stalk Market in February 2022 and Finishing Services Inc. in March 2023.
Terms of the transaction were not disclosed.
Source: BusinessWire; Image by Gino Crescoli from Pixabay
