US-based LBP Manufacturing has acquired quick-service restaurant business (Dominion QSR) from Dominion Packaging for an undisclosed sum.
Image: LBP Manufacturing has acquired Dominion Packaging’s quick-service restaurant business. Photo: courtesy of rawpixel / Unsplash.
Based in Richmond of Virginia, Dominion QSR is engaged in the production of folding cartons for national QSR brands.
Dominion QSR has a 245,000ft² manufacturing facility, which manufactures fry cartons, meal boxes, pie cartons and other products for QSR brands.
As per terms of the deal, Brett Hawkins, one of the founders of Dominion, will join LBP.
LBP CEO Matt Cook said: “Brett and his team have built Dominion QSR into a market leader in the folding carton space. The Company’s culture of customer service and commitment to innovation align with LBP’s core values. We are excited to add the Dominion QSR business to LBP.”
LBP Manufacturing, owned by PPC Partners and management, produces sustainable food and beverage packaging solutions for its customers.
The acquired business will help LBP to supply a full suite of folding carton and corrugated packaging solutions to its customers.
PPC Partners vice president Thomas Chadwick said: “This acquisition will allow LBP to better serve its customers by rounding out the company’s portfolio of folding carton and corrugated packaging products.
“We continue to be enthusiastic in our support of LBP as they expand their value proposition to their customers.”
LBP uses advanced material science, equipment and converting technology to develop better consumer packages for its customers.
The company produces hot beverage solutions such as the original Coffee Clutch hot cup sleeve and Beverage on the Move insulated beverage to-go carrier, as well as various catering trays, clamshells and other containers.
LBP, which maintains a global operating footprint, has facilities in the US, Poland and China.
Dominion Packaging provides folding carton products to the customers in the tobacco, beverage and food markets.
Dominion is said to be one of the few non-vertically integrated packaging companies remaining in the US.
With a focus on manufactured products, services and health care sectors, PPC Partners acquires and operates North America-based middle-market companies.