Sustainable Packaging Solutions: CORE Industrial Partners Teams Up with Century Box
Gracie Gottlieb | 2 November, 2023
Introduction:
Sustainable packaging has become a pressing concern in today's consumer-driven world. With the aim of reducing plastic waste and promoting eco-friendly alternatives, CORE Industrial Partners has recently announced its investment in Century Box. This partnership aims to revolutionize the folding carton industry and provide sustainable packaging solutions for store-brand food and consumer products. As a leading provider of comprehensive printing, converting, and finishing capabilities, Century Box is well-positioned to drive the next stage of growth with CORE's support.
Ensuring Long-Term Relationships and Strategic Growth:
Century Box, founded in 1978 by Alvin and Johanna Kagan, has established itself as a trusted partner for customers with complex packaging requirements. The company is dedicated to building long-term strategic relationships with its clients, offering a wide range of paperboard grades and prioritizing the replacement of single-use plastic packaging with high visibility, recycled paperboard alternatives. With two facilities covering over 200,000 square feet, Century Box is well-equipped to meet the growing demand for sustainable packaging solutions.
The Role of CORE Industrial Partners:
CORE Industrial Partners, a private equity firm with a focus on manufacturing, industrial technology, and industrial services, brings its expertise and industry experience to the table. The firm's Managing Partner, John May, expressed excitement about the partnership, acknowledging Century Box's commitment to strategic relationships and long-term growth. By leveraging its resources and insights, CORE aims to expedite Century Box's next stage of development.
David Kagan, CEO of Century Box, highlighted the importance of finding a partner that aligns with their culture and values. Being a second-generation family business, Century Box sought a collaborator who could provide the necessary resources and support for substantial growth opportunities. With CORE's comprehensive industry knowledge and shared values, Century Box found an ideal partner to expand its reach and strengthen its position in the market.
Expanding Value Proposition through Strategic Initiatives:
Frank Papa, Senior Partner at CORE, acknowledged Century Box's wide array of folding carton manufacturing capabilities and its attractive end market exposure. This, combined with the customer-oriented approach, forms a solid foundation for further expansion. CORE intends to work closely with the Century Box team to enhance the company's value proposition through strategic initiatives and potentially complementary acquisitions.
With Frank Papa taking on the role of Chairman of Century Box's Board of Directors, there is a clear commitment from CORE to actively guide and support the company's growth objectives. By combining their expertise and resources, CORE and Century Box aim to deepen their impact in the sustainable packaging industry.
The Importance of Sustainable Packaging:
In today's environmentally conscious society, reducing the use of single-use plastic has become a priority. Sustainable packaging solutions, such as those provided by Century Box, offer an alternative that aligns with consumer values. As more consumers actively seek out eco-friendly options, brands and retailers must adapt to this shift in consumer behavior. By partnering with CENTURY Box, CORE Industrial Partners is taking a step in the right direction to meet the demands of the market and reduce the environmental footprint of the packaging industry.
The Future of Sustainable Packaging:
As the partnership between CORE Industrial Partners and Century Box takes shape, it is clear that the focus on sustainable packaging solutions will only continue to grow. With the support of CORE, Century Box is poised to further expand its reach and impact by developing innovative and eco-friendly packaging solutions. By prioritizing the use of recycled paperboard and continuously exploring new ways to reduce plastic waste, Century Box is set to become a key player in the sustainable packaging industry.
In Conclusion:
The partnership between CORE Industrial Partners and Century Box represents a significant step forward in the push for sustainable packaging solutions. With a shared commitment to building long-term relationships, strategic growth, and eco-friendly alternatives, these two companies are well-positioned to make a positive impact on the packaging industry. As consumer demand for sustainable options continues to rise, the collaboration between CORE and Century Box is an exciting development that will shape the future of packaging for store-brand food and consumer products.
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