New York-based firm Centre Lane Partners has acquired Louisville Laminating, a developer, manufacturer, and supplier of metals-based packaging and laminated materials to the Tobacco, Wire & Cable, and Building & Construction markets. Terms of the deal were not released. The seller was Reynolds Packaging Group. Louisville Laminating is based in Louisville, KY.
Centre Lane Partners, LLC (“Centre Lane”), a New York based private investment firm, today announced the acquisition of Louisville Laminating from Reynolds Packaging Group LLC. Louisville Laminating is a market leader in developing, manufacturing, and supplying metals-based packaging and laminated materials to the Tobacco, Wire & Cable, and Building & Construction markets. Louisville Laminating currently serves customers throughout North, Central, and South America as well as Western Europe. The business operates out of Louisville, KY and employs over 140 people.
“This is an exciting time for our business,” commented Andy Starr, VP & General Manager of Louisville Laminating. “The acquisition by Centre Lane provides the company with an experienced partner that will provide not only capital but operational expertise, which will allow us to further improve and expand our portfolio of product solutions to meet the changing demands of the industries we serve. As a management team we look forward to working with Centre Lane while we continue to build upon our rich heritage and solid reputation for delivering innovative products to our business partners.”
Centre Lane is a private investment firm that invests in companies with revenues of $20 to $500 million, leading market positions and sustainable competitive advantages in their respective niches.