LBP Manufacturing LLC (LBP) today announced it has acquired Dominion Packagings Quick-Service Restaurant business (Dominion QSR), a leading producer of folding cartons to national QSR brands. Financial terms of the transaction were not disclosed.
Based in Richmond, Virginia, Dominion QSR operates out of a 245,000-square-foot manufacturing facility producing fry cartons, meal boxes, pie cartons and other products for leading quick-service restaurant brands.
Based in Chicago, LBP is a leading global producer of innovative and sustainable food and beverage packaging. The acquisition of Dominion QSR expands LBPs product offering to provide customers with a full suite of folding carton and corrugated packaging solutions. Brett Hawkins, one of the founders of Dominion, is joining LBP as part of the transaction. LBP is owned by PPC Partners and management.
Matt Cook, CEO of LBP, said, Brett and his team have built Dominion QSR into a market leader in the folding carton space. The Companys culture of customer service and commitment to innovation align with LBPs core values. We are excited to add the Dominion QSR business to LBP.
Thomas Chadwick, Vice President at PPC Partners, added, This acquisition will allow LBP to better serve its customers by rounding out the companys portfolio of folding carton and corrugated packaging products. We continue to be enthusiastic in our support of LBP as they expand their value proposition to their customers.
About LBP Manufacturing: Chicago-based LBP Manufacturing LLC combines innovation and performance to develop consumer-preferred, sustainable, on-the-go packaging. LBP harnesses innovation in material science, equipment and converting technology to meet the varying demand of consumer packages for its customers. LBP is widely known for its hot beverage solutions such as the original Coffee Clutch hot cup sleeve and Beverage on the Move„¢ insulated beverage to-go carrier in addition to a variety of unique catering trays, clamshells and other containers. LBP maintains a global operating footprint, with facilities in the U.S., Poland and China. For more information, visit lbpmfg.com.
About Dominion Packaging: Located in Richmond, Virginia, Dominion Packaging is a leading producer of folding carton products to the tobacco, beverage and food markets. Dominion Packaging is one of the few non-vertically integrated packaging companies remaining in the U.S. and prides itself by competing through world class technology and innovation. For more information, visit dompkg.com.
About PPC Partners: PPC Partners acquires and operates North America-based middle-market companies with leading positions in the manufactured products, services and health care sectors. Led by Tony Pritzker and the former investment and operating professionals of Pritzker Group Private Capital, the firms differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. PPC Partners builds businesses for the long term and is an ideal partner for entrepreneur- and family-owned companies. For more information, visit PPCPartners.com.
Martha Arendt, Aileron Communications
312-629-9400, [email protected]