Sabert acquires Mullinix Packages
Sabert Corporation, a leading global food packaging company, announced today that it has completed the acquisition of Mullinix Packages, Inc. (Mullinix) from Mason Wells.
Mullinix is a leading U.S. provider of plastic packaging solutions to food processors and the foodservice industry.
Operating primarily out of Fort Wayne, Indiana, Mullinix extrudes and thermoforms products using a wide array of materials including PP, APET, CPET, PLA and barrier materials.
A dominant player in the solid case-ready meat tray market, Mullinix provides over 200 customers with innovative packaging solutions and advanced technology in barrier packaging and extended shelf life.
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, the 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."
Mesirow Financial served as Sabert's exclusive financial advisor and Gibbons P.C. served as Sabert's legal advisor.
Sabert Corporation is a leading global manufacturer of innovative food packaging products and solutions. The company was founded in 1983 on a single mission: to enhance and advance the way people enjoy food.
Source: Company Press Release