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Butterfly Equity has signed a definitive agreement to acquire Sayreville, New Jersey-based Sabert, a plastic, paper and molded-fiber food packaging maker with 13 manufacturing facilities, for undisclosed terms.
Sabert Corporation has announced its acquisition of Colpac Limited, strengthening its presence in the UK, Irish and European markets for paperboard packaging.
Sabert Corporation agreed to acquire LBP Manufacturing LLC, a Chicago-based maker of paper-based foodservice packaging with plants in the U.S., Poland and China. Sabert's annual sales will exceed $900 million after the deal.
Sabert Corporation has begun construction of a new manufacturing facility in Greenville, Texas, to make plastic and 100% compostable food packaging. The plant is expected to be fully operational by early 2019 and bring over 125 jobs.
Sabert Corporation will open a new 450,000 sq ft manufacturing facility in Greenville, Texas, its first North American site making 100% compostable food packaging, expected to create about 125 jobs over three years with full operation by end of 2018.
