# Ian and Cheryl Bernstein take over Trenton Corrugated Products with M&T-backed loan

Ian and Cheryl Bernstein bought Trenton Corrugated Products, a corrugated box maker in Trenton, New Jersey, from its founders. A $2.5 million M&T Bank loan with NJEDA participation financed the purchase of the 160,000-square-foot building, and the company expects to hire 10 employees.

- Type: Acquisition
- Announced: 2019-05-06
- Where: Trenton, New Jersey, United States
- Value: $2.50M
- Jobs: 10
- Status: completed
- Products: corrugated boxes, containers
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Trenton Corrugated Products](https://endata.com/companies/4984.md) (target)
- [Ian and Cheryl Bernstein](https://endata.com/companies/4985.md) (acquirer)
- [M&T Bank](https://endata.com/companies/4986.md) (investor)
- [New Jersey Economic Development Authority](https://endata.com/companies/4987.md) (investor)

## Sources

- [njeda.gov](https://www.njeda.gov/njeda-support-enables-manufacturing-company-trenton-corrugated-products-to-continue-operating-under-new-ownership/), 2019-05-06: "Trenton Corrugated Products' new owners are using a $2.5 million M&T Bank loan with a 50 percent NJEDA participation to purchase the 160,000-square-foot building from the company's previous owners."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.