Seaboard Folding Box Company, Inc. Acquires Imperial Packaging Corporation
April 13, 2017
This purchase transaction enhances Seaboard Folding Box Company, Inc.'s position as an expert and quick turn provider of paperboard packaging solutions to the middle market and positions the combined company as a front runner in the North-East USA market.
Founded in 1947 as Abraham E. Goldstein Box Company, the current Imperial Packaging was purchased by Ronald Felici in 1982 from the Goldstein Estate. The company produces folding cartons, packers, tags, inserts headers utilizing conventional offset and UV Curable inks and coatings. Imperial Packaging offers Hot Stamping, Window Patching and Sheet-to Sheet Laminating for a diverse mix of value added options including structural CAD design, inventory management and other ancillary services. The company services many industry verticals including: Computers & Electronics, Pharmaceutical & Medical Device, Wholesale & Retail foodservice, Cosmetics & Toiletries, Toys, Crafts & Hobbies, Lawn & Garden, Housewares & Consumer products. All of these industry verticals serviced by Imperial Packaging are paralleled by Seaboard Folding Box Company, Inc.
Seaboard Folding Box Company, Inc. is a portfolio company of Peninsula Capital Partners and Charter Oak Equity, who purchased a majority interest from Allen Rabinow in 2014. Seaboard Folding Box is a full service provider of custom packaging with extensive knowledge and industry experience. Seaboard Folding Box has excelled in the industry for over 60 years. With our focused approach to manufacturing folding cartons, along with our highly experienced workforce delivers on time without sacrificing service or our quality. Seaboard Folding Box consistently has invested significantly in new technologies, resources and infrastructures to provide our clients with exceptional Industry leading services. Seaboard Folding Box compliments all of Imperial Packaging's offering with new industry leading equipment and technology in a new state-of-the-art facility in Westminster, MA.
"The acquisition of Imperial Packaging is an important next step in advancing our growth strategy and will create significant value for our customers and employees" said Mark Swisher, General Manager of Seaboard Folding Box Company, Inc. "Through this transaction, we will add scale and diversity, which will strengthen our portfolio of paper and packaging solutions. The management team at Imperial Packaging shares our visions to provide our customers with packaging solutions that are a winning differentiator in the marketplace".
"The Imperial Packaging team is motivated to join the Seaboard Folding Box Company, Inc. platform and make this forward expansion of services and technology for our clients and our company," said Steven Felici, President of Imperial Packaging. "Teaming up with Seaboard Folding Box Company, Inc. will increase the service levels and quality we can offer our customers and provides scale, resources and capabilities." Steven Felici, President of Imperial Packaging will join Seaboard Folding Box Company, Inc. as Sales Director.