Food packaging company Sabert buys Mullinix Packages
Looks to expand offering of food packaging products and solutions
By Kari Embree | Plastics Today
Food packaging company Sabert Corp. (Sayreville, NJ) has finalized its acquisition of Mullinix Packages Inc. (Fort Wayne, IN) from private equity firm Mason Wells . Mullinix is a U.S. provider of plastic packaging solutions to food processors and the foodservice industry.
Mullinix extrudes and thermoforms products using a broad range of materials including PP, APET, CPET, PLA and barrier materials. The company is a key figure in the solid case-ready meat tray market with more than 200 customers.
Earlier this year, Sabert acquired Kalman Packaging Inc., a North Carolina-based manufacturer of thermoformed plastic hinged food containers, focused on the bakery/supermarket sector.
The company said that as the food industry continues to grow, expand and differentiate, it is making it a priority to keep an eye on growing trends, providing customers with a broad offering of food packaging products and solutions.
Mullinix provides a mix of custom and stock products to the foodservice and food processor markets including hinged containers, deli containers, microwavable/ ovenable trays, drink cups, sleeved cups and trays for the case ready and prepared foods markets.
With the addition of Mullinix, Sabert's annual sales will exceed $500 million.
"We are very excited to have Mullinix as part of the Sabert organization," said Albert Salama , Founder and Chief Executive Officer of Sabert. "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 organization to deliver even greater value to the market."
"Joining Sabert is a great opportunity for both our customers and our workforce," said Gene Gentili , Chief Executive Officer of Mullinix. "Both companies have a long history of developing innovative solutions and quality products to meet the evolving needs of our long-standing customers. We look forward to working with the Sabert team to build a powerful packaging company on the strengths of the combined organizations."
Sabert operates North American facilities in New Jersey , California and Kentucky, as well as manufacturing facilities in Belgium, Europe and Zhongshan, China.