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Generational Equity sells Imperial Packaging to Seaboard Folding Box

Mergers and acquisitions adviser Generational Equity has sold its client Imperial Packaging to Seaboard Folding Box Company, a platform company of private equity firm Charter Oak Equity.

Imperial Packaging, based in Pawtucket, Rhode Island, produces folding cartons, packers, tags and inserts, and headers utilising conventional offset and UV-curable inks and coatings.
The company also 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. 
“We are motivated to join the Seaboard platform and make this forward expansion of services and technology for our clients and our company,” says Imperial president Steven Felici. “Teaming up with Seaboard will increase the service levels and quality we can offer our customers and provides scale, resources and capabilities.”
Felici will join Seaboard as sales director.
Seaboard Folding Box, based in Westminster, Massachusetts, is a full-service provider of custom packaging that has been in business for more than 60 years. The company compliments Imperial’s offerings with the latest equipment and technology in a new state-of-the-art facility.
Seaboard Folding Box is a portfolio company for Charter Oak Equity, which invests in niche manufacturing, packaging, medical products and services, specialty chemicals, consumer products, and financial services companies up to USD150 million in enterprise value. The deal further enhances Seaboard’s position as the leading quick-turnaround provider of paperboard packaging solutions to the north-eastern region of the US.
“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,” say Seaboard general manager Mark Swisher. “Through this transaction, we will add scale and says, which will strengthen our portfolio of paper and packaging solutions. The management team at Imperial shares our visions to provide our customers with packaging solutions that are a winning differentiator in the marketplace.”
Generational Equity senior managing director Rick Buchoz established the relationship with Imperial. Generational Equity managing director Doug Smith’s team, headed by affiliates George Nova and Samantha Mitchell, and supported by Generational Equity vice president Ryan Johnson, led the deal to a successful close.
“From my very first conversation with Paul Roughan of Seaboard Holdco it was obvious that merging Imperial and Seaboard would be a perfect fit, and when I invited Paul and his team to join me in a tour of Imperial, all that was left was the details of the deal,” says Nova.

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