Lincoln Hill Holdings LLC has acquired Chicago-based Fibre-Tec Partitions LLC, a provider of customized, fiber and corrugated box partitions. No financial terms were disclosed.
CHICAGO, July 18, 2017 /PRNewswire/ — Lincoln Hill Holdings, LLC (“Lincoln Hill”) announced today that its newly formed portfolio company, Fibre Tec Packaging, LLC (“Fibre Tec” or the “Company”), has acquired substantially all of the assets of Fibre-Tec Partitions, LLC. Fibre Tec is a leading fabricator of high quality, customized, fiber and corrugated box partitions and pads. The Company was founded in 1997 and serves box manufacturers, packaging brokers, manufacturers, and distributors across a wide variety of end markets, including food, beverage, automotive, pharmaceutical, and consumer packaged goods. Fibre Tec will continue serving its 500+ customers from its 63,000 sq. ft. facility in Chicago, IL.
Len Ingolia, Co-Founder of Fibre Tec, said, “We are delighted to partner with Lincoln Hill in the next stage of our growth. We look forward to their support as we execute on an array of growth opportunities and investments that will better position us to meet our customers’ evolving needs.”
Graham Balentine, a Principal at Lincoln Hill who will be taking an active role in Sales and Business Development at Fibre Tec, added, “Fibre Tec has differentiated itself in the partitions space with a focus on quality, customer service and innovation. We believe that Lincoln Hill’s growth capital and operational support will allow the Company to better serve both new and existing customers.”
About Fibre Tec Packaging
Fibre Tec, based in Chicago, IL, is a market leader in the packaging and partition market producing both fiber and corrugated partitions and pads. Since 1997, Fibre Tec has provided customers with cost effective packaging and short lead times. The Company offers a wide variety of paper grades and calipers to ensure customers have the best solution for their packaging needs.
For more information about Fibre Tec, please visit http://www.fibretecpkg.com.
About Lincoln Hill Holdings
Lincoln Hill is a private investment firm with offices in Chicago and Denver that focuses on partnering with management teams to create lasting value through operational improvement and supporting strategic growth initiatives. The firm invests in lower middle market companies in the manufacturing, distribution, and business services sectors.
For more information about Lincoln Hill, please visit http://www.lincolnhillholdings.com.