FDBusiness.com

Sabert Purchases US Firm Mullinix

 Breaking News
  • Heineken Delivers Strong Top-line Growth in 2019 Global brewer Heineken achieved 5.6% organic growth in net revenue (beia) to €23.894 billion for 2019 and operating profit grew 3.9% organically to €4.020 billion. However, the operating profit margin...
  • Molson Coors Partners With e.fundamentals to Help Drive UK Online Sales Molson Coors, one of the world’s largest brewers, has partnered with ecommerce analytics provider e.fundamentals to help drive sales of its beers through retailers’ websites in the UK. E.fundamentals’ service...
  • Manor Farm Wins IFSA Best Sustainable Food Product Award 2020 Irish chicken producer Manor Farm has won the IFSA (Irish Foodservice Suppliers Alliance) Best Sustainable Food Product Award 2020. Manor Farm, received the award for the company’s ‘Farmers to Market’...
  • Heineken Announces CEO Succession Jean-François van Boxmeer (pictured left), Chairman and CEO of Heineken, is to step down following his successful 15 year leadership of the company. He will be succeeded by Dolf van...
  • DMK Group Aims to Optimise Ice Cream Production DMK Group, Germany’s largest dairy co-operative, intends to streamline the production network in its ice cream business unit. This involves selling its Waldfeucht-Haaren production site in North Rhine-Westphalia. Schwarz Produktion,...

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

[eventlist]

Jobs: Food Packaging

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements