Seaboard Folding Box, a portfolio company of private equity firm Charter Oak Equity, has acquired paperboard specialist Imperial Packaging for an undisclosed price.
Based in Pawtucket, Rhode Island, Imperial Packaging manufactures folding cartons, tags and inserts, packers and headers using traditional offset and UV-curable inks and coatings.
The American packaging firm also provides window patching, hot stamping, and sheet-to sheet laminating for a varied mix of value-added options, including inventory management, structural CAD design, and other ancillary services.
The acquisition further improves Seaboard's position as the provider of paperboard packaging solutions to the northeastern region of the US.
Seaboard general manager Mark Swisher said the acquisition marks an important next step in moving the company’s growth strategy forward while creating significant value for both customers and employees alike.
Swisher added: "Through this transaction, we will add scale and diversity, which will strengthen our portfolio of paper and packaging solutions. The management team at Imperial shares our visions to provide our customers with packaging solutions that are a winning differentiator in the marketplace."
Seaboard Folding Box is a full-service provider of custom packaging and has been in the packaging industry for more than six decades.
Westminster, Massachusetts-based Seaboard Folding compliments Imperial's offerings with the latest equipment and technology in a new facility.
Imperial president Steven Felici said: "We are motivated to join the Seaboard platform and make this forward expansion of services and technology for our clients and our company.
"Teaming up with Seaboard will increase the service levels and quality we can offer our customers and provides scale, resources and capabilities."
Felici has joined Seaboard as sales director following the acquisition.