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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.
LBP Manufacturing, LLC acquired Yeadon-based Union Packaging, a folding carton producer for quick service restaurant brands, from founder Michael Pearson. Financial terms were not disclosed.
LBP Manufacturing, a US foodservice packaging company, acquired Dominion QSR, the quick-service restaurant packaging unit of Dominion Packaging. Dominion QSR operates a 240,000 sq ft manufacturing facility in the US. Financial terms were not disclosed.
LBP Manufacturing, a maker of paper and plastic food packaging, will spend $6 million to renovate the former BAE Systems building in Jessup, Lackawanna County, and create 74 full-time jobs over three years.
