Butterfly Equity Acquires Sabert, Expanding Its Presence in Food Packaging
Los Angeles-based private equity firm Butterfly Equity has agreed to acquire Sayreville, New Jersey-based Sabert, a leading provider of food packaging and service products. The acquisition aligns with Butterfly's strategy to invest in companies supporting the evolving food and beverage industry. Financial terms were not disclosed, but Albert Salama, founder and executive chairman of Sabert, will remain as a minority investor. The deal is expected to close by the end of this year. Sabert was founded in 1983 and employs around 3,000 people globally with manufacturing facilities across the U.S., Europe, and other regions. It recently expanded its supply chain infrastructure with a new distribution center in Georgia and has made sustainability commitments for 2030 to ensure that 85% of sales come from recyclable or compostable products. Butterfly Equity previously acquired ePac earlier this year and is expanding its East Coast presence by opening an office in New York City. Adam Waglay, co-founder and CEO at Butterfly, praised Sabert for being a category leader with strong growth potential.
Topics: Food Industry Packaging Private Equity