Enjay Converters Ltd Acquires New Method Packaging LLC to Expand North American Footprint
Enjay Converters Ltd has announced the acquisition of Ohio-based New Method Packaging LLC, a specialist in custom corrugated and paper-based food packaging. The deal allows Enjay to expand its manufacturing capabilities by adding a second facility, enhancing its ability to serve both Canadian and U.S. markets across the bakery, pizza, and foodservice sectors. The transaction facilitates a leadership transition at New Method, with Jerad Miller assuming leadership from his father, Kevin Miller. While the financial terms of the acquisition were not disclosed, Enjay was supported in the deal by Champlain Financial Corporation. The combined entity aims to leverage product synergies between Enjay's bakery accessories and New Method's ovenable trays and carryout boxes.
Topics: acquisition food packaging manufacturing merger