ACR acquires molded fibre packaging supplier Ultra Green Packaging
ACR (AmerCareRoyal), a US foodservice essentials distributor backed by Oridian Capital Partners, has acquired Ultra Green Packaging, a Minnesota-based supplier of molded fibre and rPET foodservice packaging. The deal is ACR's twelfth add-on acquisition since partnering with Oridian, and adds molded fibre trays and bakeware to ACR's PrimeWare compostable packaging line. No deal value was disclosed.
Why this mattersDistributor-led roll-ups are adding fibre-based ranges as grocery and foodservice customers ask for compostable formats; this is Oridian's twelfth add-on through ACR.
- ACR has made twelve add-on acquisitions since partnering with Oridian Capital Partners.
- Ultra Green Packaging is headquartered in Mound, Minnesota, and supplies molded fibre and rPET-lid foodservice packaging.
- Ultra Green's products include take-n-bake pizza trays, sushi trays and bakeware.
- No deal value was disclosed.
- Ultra Green president and owner Kristin Davidson remains involved post-acquisition.
- Tamarack Advisory Partners advised Ultra Green; Greenberg Traurig advised ACR.
Sources
prnewswire.com