EL PASO: Handgards, LLC, a leading distributor of foodservice products and a portfolio company of Wynnchurch Capital, L.P., announced Thursday it has acquired Albany Packaging USA, a Florida-based distributor of paper-based foodservice packaging.
Albany Packaging, headquartered in Deerfield Beach, specializes in paper folding cartons and other packaging solutions sold to supermarkets, bakeries, restaurants and convenience stores. Its product line includes coffee sleeves and a wide range of paper-based cartons.
“We are thrilled to welcome Albany Packaging to the Handgards family,” said Joe Kubicek, CEO of Handgards. “Albany’s presence in paper-based foodservice packaging and its reputation for quality make it a perfect complement to our existing product portfolio. Together, we will expand our capabilities and better serve our customers across the foodservice industry.”
Mitch and Jay Fisher, owners of Albany Packaging USA, said the acquisition will help accelerate the company’s growth and enhance customer value.
“Joining forces with Handgards allows us to accelerate our vision and bring even more value to our customers,” the Fishers said in a joint statement. “Their culture, leadership, and track record make them the right partner to take what we’ve built and elevate it to the next level.”
Foley & Lardner LLP served as legal advisor to Wynnchurch Capital.
Handgards, based in El Paso, operates 14 facilities totaling more than 1.5 million square feet and ships over 24 million cases of product annually. Wynnchurch Capital, headquartered in Rosemont, Illinois, manages $8.6 billion in assets and specializes in middle-market investments across North America.