The move follows CORE’s investment in Century Box. Credit: Kelli McClintock via Unsplash.

Private equity company CORE Industrial Partners has concluded the acquisition of US-based premium folding carton provider General Converting.

Established in 1982, General supplies folding cartons to customers in the confectionery and consumer markets.

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General partners with brands across these sectors to create customised packaging solutions that help enhance product visibility and brand identity.

Its end-to-end capabilities consist of structural design, printing, die-cutting, and finishing, thereby ensuring quality control at every step of the process.

The company is based in Bolingbrook, Illinois, and has a 122,000ft² manufacturing facility located there.

General CEO Bob Ruebenson said: “Our family, along with a great employee base, have built a differentiated business over the last 40 years, and we’re excited to have CORE as a partner as we enter a new chapter of growth for General Converting.”

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Last week, CORE completed an investment in folding cartons provider Century Box.

These actions are set to contribute to CORE’s strategy to create a new platform in the folding carton sector.

With more than 85 years of combined experience, both General and Century Box could feasibly develop a platform with a customer base in the confectionery and consumer end markets.

The companies, which have both expanded their geographic reach and capability, operate three facilities with a total of approximately 325,000ft² in Illinois and Massachusetts, US.

CORE senior partner and board chair Frank Papa said: “The acquisition of General Converting aligns with our strategy to build a folding carton packaging platform serving attractive end markets with a customer-centric approach.

“In addition, General Converting is highly complementary to the platform, extending our geographic reach with a presence in the Midwest [US] and expanding our product portfolio by adding new customers in the candy and confectionery space.”