The U.S. company is sold to Seaboard Folding Box, a Massachusetts paperboard packaging company.
Generational Equity, Dallas, Texas, a mergers and acquisitions advisor for privately held businesses, announced the sale of its client, Imperial Packaging Inc., Pawtucket, Rhode Island, to Seaboard Folding Box Co., Westminster, Massachusetts, a platform company of private equity firm Charter Oak Equity.
Imperial Packaging produces folding cartons, packers, tags and inserts, and headers. The company also offers hot stamping, window patching, and sheet-to-sheet laminating for a diverse mix of value-added options, including structural CAD design, inventory management, and other ancillary services.
"We are motivated to join the Seaboard platform and make this forward expansion of services and technology for our clients and our company," said Imperial President Steven Felici. "Teaming up with Seaboard will increase the service levels and quality we can offer our customers and provides scale, resources, and capabilities." Felici will join Seaboard as sales director.
Seaboard Folding Box is a full-service provider of custom packaging that has been in business for more than 60 years. It is a portfolio company for Charter Oak Equity, which invests in niche manufacturing, packaging, medical products & services, specialty chemicals, consumer products, and financial services companies up to $150 million in enterprise value.