CHICAGO–(BUSINESS WIRE)–CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of Superior Lithographics (“Superior” or the “Company”), a high-graphic provider of premium folding cartons, corrugated top sheets and litho labels by CORE portfolio company, Momentium.
Founded in 1986, Superior is a high-graphic provider of folding cartons and lithographic labels and top sheets for the graphic corrugated industry. The Company distinguishes itself with scale, capabilities and technical expertise, and is a critical component of the high-graphic paperboard supply chain. With a strategic market focus on resilient food and consumer end markets, Superior’s facility is strategically located to proactively serve its customers. Headquartered in Los Angeles, CA, Superior operates out of three co-located facilities totaling 126,000 square feet.
Today, Momentium offers folding carton solutions for growth-oriented end markets including food, confectionery, healthcare and consumer. The platform now covers over 400,000 square feet of manufacturing space with more than 370 employees across six facilities in Illinois, Massachusetts and California. Momentium holds ISO 9001, SQF, BRCGS, FSC and SFI certifications.
Doug Rawson, owner of Superior, said, “For nearly 40 years we have prided ourselves on delivering high-quality products to our valued customers. We view Momentium as the ideal partner to carry forward the relationships built with both customers and our tremendous employee base, and we’re excited to enter a new chapter of growth as part of the platform.”
Dano Lister, CEO of Momentium, said, “Momentium is excited to welcome Superior to our platform as we continue to invest in the infrastructure, technology, and human capital needed to become the manufacturer of choice in the paper packaging industry. We believe Superior is a seamless fit with the company’s value proposition of offering holistic paper packaging solutions with a relentless focus on customer service. On behalf of the Momentium brand, we are excited to partner with Superior in realizing the next phase of the Company’s growth.”
Ronnie Rascia, Partner at CORE, said, “The acquisition of Superior aligns with our strategy to build a nationwide packaging solutions provider serving attractive end markets with a customer-centric approach. We believe Superior is an especially strong strategic fit with Momentium, extending our geographic reach with a presence on the West Coast and expanding our product portfolio by adding lithographic label and top sheet printing capabilities while maintaining a focus on our core folding carton offering. We are pleased to add Superior to our platform and look forward to partnering with the Company to accelerate the next phase of growth.”
Winston & Strawn LLP provided legal representation to CORE in the transaction. Mesirow served as the exclusive sell-side advisor to the Company.
ABOUT CORE INDUSTRIAL PARTNERS:
CORE is an industrials-focused private equity firm with more than $1.58 billion in total limited partner capital commitments across four funds investing in North American manufacturing, industrial technology, and industrial service businesses. With offices located in Chicago, Austin and Cleveland, CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a demonstrated track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with families, entrepreneurs and management teams and strives to build best-in-class companies. For more information, visit www.coreipfund.com.
ABOUT MOMENTIUM:
Momentium provides folding carton solutions with a full suite of in-house capabilities including structural design, sheeting, printing, die cutting, windowing, folding and gluing. With a consultative approach, Momentium serves a blue-chip customer base across the food and beverage, confectionary, healthcare and consumer end markets. For more information, visit www.momentiumpkg.com.
ABOUT SUPERIOR LITHOGRAPHICS:
Founded in 1986, Superior Lithographics is acclaimed for its quality, service, extensive technical experience, and robust in-house capabilities. The Company works with well-known brands across the food and beverage and consumer markets to produce tailored paper packaging solutions. Headquartered in Los Angeles, California, Superior Lithographics offers end-to-end capabilities, including structural design, sheeting, printing, die-cutting, and finishing, to ensure quality control over every stage of the process. For more information, visit www.superiorlithographics.com.
Contacts
Jeremy Milner
Gregory FCA
[email protected]
401.862.9422
