FDBusiness.com

Sabert Purchases US Firm Mullinix

 Breaking News
  • Coca-Cola European Partners to Remove 4,000 Tonnes of Single-use Plastic by Swapping Shrink Wrap For Cardboard in Western Europe Coca-Cola European Partners, will be replacing plastic shrink wrap with cardboard for its can multipacks across Western Europe, removing approximately 4,000 tonnes of single-use plastic per year across the region. This is the latest move in Coca-Cola’s commitment to tackle packaging waste and remove all unnecessary single-use plastic from its secondary packaging. Plastic shrink wrapping is used [...]...
  • EU Leading in Global Agri-food Trade The EU has been confirmed for yet another year in its position as the largest global exporter of agri-food products, with sales reaching €138 billion in 2018. Agriculture products represent a solid share of 7% of the value of EU total goods exported in 2018, ranking fourth after machinery, other manufactured goods and chemicals. Agriculture and [...]...
  • Is ‘Flexitarianism’ the Future? A workshop held recently at the University of Nottingham has revealed that ‘flexitarianism’ is a new and growing trend amongst British consumers. Delegates at an event that discussed plant-based diets heard how eating more plant-based products represented a sustainable future for food and drink production. Organised by the Agrifood Training Partnership (AFTP), and chaired by AFTP [...]...
  • Chivas Brothers Opens New Head Office Chivas Brothers, the Scotch whisky business of Pernod Ricard, has opened a new 27,000 sq ft head office in the centre of Glasgow. Jean-Christophe Coutures, chairman and chief executive of Chivas Brothers, says: “We need to keep moving with the times and this is the beginning of a new and exciting chapter for Chivas Brothers [...]...
  • Unilever Achieves 100% Renewable Electricity Across Five Continents Unilever has announced that its factories, offices, R&D facilities, data centres, warehouses and distribution centres across five continents are now powered by 100% renewable grid electricity. As far as possible, Unilever’s transition to renewable electricity has been delivered through supporting the development of local renewable energy markets, with 38% of its grid electricity supplied through [...]...

Sabert Purchases US Firm Mullinix

July 13
10:26 2016

sabertSabert Corporation, a New Jersey-established global food packaging company, recently secured Mullinix Packages, a US supplier of plastic packaging solutions to food processors and the food service industry, from private equity investment firm Mason Wells.

Financial details of the deal have not been disclosed, but Sabert’s annual sales are expected to exceed $500m with the addition of Mullinix.

Sabert founder and chief executive officer Albert Salama said: “Mullinix has an experienced and talented team with superior technical capabilities.

“Their market-leading position with food processors combined with Sabert’s product offerings, global presence and resources will allow the new organisation to deliver even greater value to the market.”

Mullinix carries out its operations primarily out of Fort Wayne, Indiana, US, and provides more than 200 customers with packaging solutions and advanced technology..

The company uses a range of materials including polypropylene (PP), amorphous polyethylene terephthalate (APET), crystallising polyethylene terephthalate (CPET), polylactic acid (PLA) and barrier materials to extrude and thermoform products.

It is a leading provider in the solid case-ready meat tray market.

Mullinix chief executive officer Gene Gentili said: “We look forward to working with the Sabert team to build a powerful packaging company on the strengths of the combined organisations.”

Mesirow Financial and Gibbons acted as Sabert’s exclusive financial advisor and legal advisor respectively, while Mullinix was advised by William Blair & Co. and Quarles & Brady.

Sabert Corporation was founded in 1983, selling five different plastic food trays. The company is head-quartered in Sayreville, New Jersey and operates in New Jersey, California and Kentucky.

About Author

admin

admin

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

Jobs: Food Packaging

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements