ACR Completes 10th Upload-on Acquisition
EXTON, Pa., Oct. 9, 2024 /PRNewswire/ — ACR (AmerCareRoyal, LLC), a prominent provider of crucial foodservice provides sponsored by means of HCI Equity Partners (HCI), is happy to announce its acquisition of Mat-Pac, Inc., a prominent provider of goods to the North American foodservice and janitorial/sanitation (“JanSan”) markets. This strategic acquisition strengthens ACR’s product portfolio and extends its achieve into unused markets, additional improving ACR’s talent to grant consumers with a broader territory of top quality answers.
Based in 1988, Mat-Pac Inc. is a prominent provider of paper, plastic, aluminum, and sustainable packaging answers, with experience in world sourcing, non-public labeling, and promise packaging for the North American foodservice and JanSan markets. Famend for its relied on manufacturers, together with Captiva, Sanibel, and Dine-Out, Mat-Pac has established a robust presence over the presen 35 years within the trade.
“We are thrilled to welcome Mat-Pac into the ACR family,” mentioned Scott Milberg, CEO of ACR. “This acquisition marks a significant step forward in our growth strategy, enabling us to enhance the customer experience and expand our product offerings across our broad North American distribution network. It will accelerate the value we provide to customers, fuel our growth, and further differentiate ACR in the marketplace. Mat-Pac shares our commitment to quality and innovation, making them an ideal fit for our organization.”
“ACR’s acquisition of Mat-Pac marks an exciting opportunity to leverage synergies and accelerate growth,” Doug McCormick, Managing Spouse at HCI. “We are confident that this partnership will unlock new potential and position ACR for long-term success.”
“Mat-Pac is excited to join ACR, a company with a proven track record of excellence,” mentioned Manny Jimenez, CEO of Mat-Pac. “We look forward to expanding our impact and delivering a broader range of products to our customers.” The Jimenez folk remainder invested in ACR and can proceed to play games an integral position in prominent Mat-Pac.
Greenberg Traurig, LLP served as felony suggest to ACR. DAK Workforce acted because the monetary guide to Mat-Pac and Moment Pitney LLP served as felony suggest.
About ACR (previously referred to as AmerCareRoyal)
ACR is a unmarried current useful resource for crucial packaging and preparation merchandise impaired within the foodservice, janitorial, sanitation, training, commercial, hospitality, and healthcare industries. With a couple of delivery issues throughout North The us, our folk of manufacturers provider nationwide stage consumers with exceptional customer support and an ever-growing product form. For more info concerning the ACR logo and to discover ACR’s complete territory of foodservice necessities and packaging answers, please seek advice from WeAreACR.com.
About HCI Fairness Companions
HCI Fairness Companions is a decrease heart marketplace non-public fairness company enthusiastic about partnering with folk and founder owned distribution, production, and repair firms. HCI is headquartered in Washington, DC. For more info, please seek advice from www.hciequity.com.
About Mat-Pac Inc.
Based in 1988, Mat-Pac Inc. is a prominent provider of paper, plastic, aluminum, and sustainable packaging answers, with experience in world sourcing, non-public labeling, and promise packaging for the North American foodservice and JanSan markets. For more info, seek advice from mat-pac.com.
SOURCE ACR (AmerCareRoyal)
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