CORE Industrial Partners Acquires General Converting Of Illinois Chicago, Illinois based CORE Industrial Partners, a manu- facturing, industrial technology, and industrial services-fo- cused private equity firm, announced it has completed the acquisition of General Converting, a provider of premium folding cartons for well-known brands in the food, confec- tionery, and consumer markets. Founded in 1982, General Converting works with brands across the confectionery, food and consumer mar- kets to produce tailored packaging solutions designed to maximize shelf-appeal and brand recognition. General Converting’s end-to-end capabilities, including structural design, sheeting, printing, die-cutting, and fin- ishing, are designed to ensure quality control over every stage of the process to produce premium folding carton solutions. Headquartered in Bolingbrook, Illinois, the com- pany operates out of a 122,000 square foot facility. The combination of General Converting and CORE’s recent investment in Century Box forms a new platform in the folding carton space. Together, General Converting and Century Box have more than 85 years of experience and create a platform with a customer base across food, confectionery and consumer end markets as well as an ex- panded geographic presence and capability set. The plat- form has three facilities covering nearly 325,000 square feet in Illinois and Massachusetts. “The acquisition of General Converting aligns with our strategy to build a folding carton packaging platform serving attractive end markets with a customer-centric ap- proach,” said Frank Papa, Senior Partner at CORE. “In addition, General Converting is highly complemen- tary to the platform, extending our geographic reach with a presence in the Midwest and expanding our product portfolio by adding new customers in the candy and con- fectionery space.” Bob Ruebenson, CEO of General Converting, said the company has differentiated itself since its inception by quickly and consistently delivering high-quality products to its customers. “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,” he said. For more information, visit generalconverting.com .
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November 20, 2023
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