Sabert to acquire LBP Manufacturing
LBP develops sustainable, paper-based foodservice packaging.
Sabert Corp., Sayreveille, N.J., entered into a definitive agreement to acquire LBP Manufacturing LLC, a Cicero, Ill.-based producer of environmentally progressive and sustainable food and beverage packaging.
LBP combines innovation in material science, equipment and converting technology to develop sustainable, paper-based foodservice packaging. LBP maintains a global operating footprint with manufacturing facilities in the United States, Poland, and China.
“Sabert’s success has always been based on our deep-rooted commitment to providing innovative and sustainable solutions to meet our customers’ needs,” says Albert Salama, founder and CEO of Sabert. “LBP’s customer-centric culture and superior track record of developing performance-driven products that respond to their customers’ needs makes them a great fit to join our organization. As a leader in paper-based packaging, LBP’s strong position in the quick-service restaurant channel combined with Sabert’s sales network and global presence will allow the new organization to deliver tremendous value to the market, enabling us to achieve our vision of being the most admired company in our industry.”
“Joining Sabert is a great opportunity for our customers and people,” says Matt Cook, chief executive officer of LBP. “Both companies have a long-standing history of combining innovation, sustainability and customer-centric product development to provide high-quality solutions that meet the evolving needs of our customers. We look forward to working with the Sabert team in building an even more comprehensive packaging company with a shared mission of enhancing the way people enjoy food and beverages.”