Butterfly Equity agrees to acquire food packaging maker Sabert
Butterfly Equity, a Los Angeles private equity firm focused on food and beverage, has agreed to acquire Sabert Holding Corp, a US-based maker of plastic, paper and molded fibre food packaging with 13 plants worldwide. Financial terms were not disclosed and the deal, backed by financing from UBS, Goldman Sachs and KKR Capital Markets, is expected to close in the fourth quarter of 2026. Founder Albert Salama will retain a minority stake.
Why this mattersThe deal adds a multi-material, patent-heavy foodservice packaging platform to a food-sector-focused sponsor, signalling continued private equity appetite for scaled food packaging assets.
- Butterfly Equity signed a definitive agreement to acquire Sabert Holding Corp, financial terms undisclosed
- Sabert operates 13 manufacturing facilities globally, including nine in the US and others in Belgium, England, Poland and China
- Sabert, founded in 1983 and based in Sayreville, New Jersey, employs about 3,000 people and holds over 400 product patents
- The deal is expected to close in the fourth quarter of 2026, subject to customary closing conditions
- Sabert founder and executive chairman Albert Salama will remain a minority investor after closing
- Financing is being provided by UBS Investment Bank, Goldman Sachs and KKR Capital Markets