Sabert Corp. acquires Mullinix Packages Inc.
July 18, 2016
by Bob Sims
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SAYREVILLE, NJ – Food packaging company, Sabert Corporation, announced July 18 that it and Milwaukee-based private equity firm Mason Wells have completed a deal to acquire Mullinix Packages Inc. Mullinix, based in Ft. Wayne, Indiana, provides plastic packaging solutions to food processors and foodservice operators.
Mullinix uses a wide variety of materials such including PP, APET, CPET, PLA and barrier materials to extrude and thermoform its products. The company works with over 200 businesses to provide custom and stock products, solutions, barrier packaging and extended shelf life with its innovation and technology. Products include hinged containers, deli containers, microwavable andovenable trays, drink cups, sleeved cups and trays for the case-ready and prepared foods.
"Joining Sabert is a great opportunity for both our customers and our workforce," said Gene Gentili, CEO 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 said in a statement that the acquisition will push its annual sales in excess of $500 million.
"We are very excited to have Mullinix as part of the Sabert organization," said Albert Salama, founder and CEO 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."
Mesirow Financial served as Sabert's financial advisor and Gibbons P.C. served as Sabert's legal advisor.
Sabert’s global operations include facilities in New Jersey, California and Kentucky, as well as manufacturing facilities in Belgium, Europe and Zhongshan, China.