Innovative and Eco-Friendly Food-Packaging Leader Inno-Pak Acquires Albany Packaging

Inno-Pak, LLC, a leading designer, manufacturer, importer, and supplier of innovative and eco-friendly packaging for prepared and takeout foods, has announced its acquisition of Albany Packaging Inc. This strategic move aims to strengthen Inno-Pak's North American manufacturing capabilities and expand its product offerings in the food service, grocery, and convenience store channels.

Albany Packaging specializes in the design and manufacture of custom and stock folding paperboard cartons, including bakery boxes and food packaging items such as trays and takeout boxes. With its manufacturing facility in Ontario, Canada, Albany serves customers across various industries, including food service, grocery, and convenience stores.

The acquisition of Albany Packaging brings added facilities, products, and talent to Inno-Pak. This move aligns with Inno-Pak's commitment to providing world-class packaging solutions to its customers. By integrating Albany's capabilities, Inno-Pak aims to create a more resilient supply chain and expand its paper capacity to continue innovating in eco-friendly packaging.

The Chairman of Inno-Pak, Jon Sill, highlights the favorable trends in the food service, grocery, convenience store, and hospitality industries. This acquisition positions Inno-Pak to capitalize on these positive trends with a diverse custom and stock folding carton program. With recent portfolio additions and ongoing investments in innovation, Inno-Pak is well-positioned to meet the evolving needs of its customers.

Albany Packaging's Owner, Stan Engelberg, expresses excitement about Inno-Pak's focus on innovative and sustainable packaging. Inno-Pak's product offering and ability to work across multiple substrates and product types allow them to stay ahead of consumer preferences and trends. The partnership between Inno-Pak and Albany Packaging will enable both companies to enhance their dedication to serving customers and the environment.

This acquisition marks the third strategic move by Inno-Pak in the past two years. The previous acquisitions of Stalk Market and Finishing Services Inc. have further strengthened Inno-Pak's market position and product portfolio.

Terms of the transaction between Inno-Pak and Albany Packaging have not been disclosed.

About Inno-Pak

Inno-Pak is a North American leader in providing innovative, sustainable, and high-quality food packaging solutions. With over 100 patented products across multiple substrates, Inno-Pak caters to the food service, grocery, convenience store, and hospitality industries. Their manufacturing capabilities include sheeting/printing, die cutting, windowing, gluing, and forming. Inno-Pak designs and manufactures products that address the specific needs of its customers and end consumers in the prepared food and takeout sectors. All of Inno-Pak's manufacturing facilities are certified food-safe and maintain rigorous quality standards. As a member of the Sustainable Packaging Coalition, Inno-Pak focuses on recyclable, reusable, and compostable packaging solutions. Their Compostable INNOBOX EDGE™ is the only paperboard takeout carton certified compostable by the Biodegradable Products Institute.

Inno-Pak is headquartered in Delaware, Ohio, with production facilities in the United States and Canada, and offices in Houston, Portland, Oregon, Shanghai, and Hong Kong.

About Albany Packaging Inc.

Albany Packaging is a trusted name in the design and manufacture of quality folding paperboard cartons. With a history dating back to 1947, Albany Packaging has been providing personalized and professional services to clients, helping them meet their packaging needs on time and within budget. From stock designs to custom solutions, Albany Packaging has the expertise to deliver timely and high-quality packaging solutions.

About Emerald Lake Capital Management

Emerald Lake Capital Management is a growth-oriented private equity firm with a focus on capital-efficient businesses with sustainable competitive advantages. Their experienced team has a flexible approach to investing and seeks out opportunities with growth tailwinds and controllable levers for value generation. With over $1.25 billion of assets under management across seven platform investments, Emerald Lake is dedicated to driving growth and creating long-term value.