Inno-Pak, a leading food packaging manufacturer in the United States, has announced the successful acquisition of Albany Packaging.
Albany specializes in crafting custom and ready-made folding paperboard cartons, spanning bakery containers to a diverse array of food packaging options, including trays and takeout boxes. With a manufacturing facility located in Ontario, Canada, the company serves clients 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.
