{"id":5337,"date":"2025-02-13T03:39:39","date_gmt":"2025-02-13T08:39:39","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=5337"},"modified":"2025-02-13T03:39:39","modified_gmt":"2025-02-13T08:39:39","slug":"emerald-lake-divests-inno-pak-to-handgards","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=5337","title":{"rendered":"Emerald Lake divests Inno-Pak to Handgards"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure class=\"article-image__container\">\n                                    <picture><source media=\"(min-width: 990px)\" srcset=\"https:\/\/www.packaging-gateway.com\/wp-content\/uploads\/sites\/16\/2025\/02\/Pack-1-shutterstock_2070578456-770x433.jpg\"\/><source media=\"(min-width: 430px)\" srcset=\"https:\/\/www.packaging-gateway.com\/wp-content\/uploads\/sites\/16\/2025\/02\/Pack-1-shutterstock_2070578456-940x528.jpg\"\/>\n                                    <\/picture><figcaption class=\"c-featured-image__description\">The financial terms of the deal were not made public. Credit: baibaz via Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n<p class=\"drop-cap\">Emerald Lake Capital Management has divested Inno-Pak, a manufacturer of eco-friendly packaging for prepared and takeout foods, to Wynnchurch Capital\u2019s portfolio company Handgards.<\/p>\n<p>            <!-- sponsored-whitepaper sponsored hidden sponsored-with-form --><\/p>\n<p>The financial details of the transaction have not been disclosed.<\/p>\n<p>Inno-Pak, headquartered in Ohio, US, offers a portfolio of more than 170 design and utility patents.<\/p>\n<p>These patents cover a range of products, including nested paper takeout containers, soup cups, and transparent lids.<\/p>\n<p>The company\u2019s patents also cover flat-bottom laminated bag systems for rotisserie chickens and multi-substrate deli cartons.<\/p>\n<p>Since partnering with Emerald Lake in 2020, Inno-Pak more than doubled its patent portfolio and enhanced its manufacturing and distribution capabilities.<\/p>\n<p>The company inaugurated its first large-scale domestic production facility in Ohio in 2023, which included an expansion of its primary distribution centre.<\/p>\n<p>Emerald Lake managing partner Dan Lukas said: \u201cWe\u2019re pleased to have partnered with the Inno-Pak team to support the company\u2019s growth and continued ability to meet demand for eco-friendly packaging solutions as customer preferences shift towards prepared foods coming from supermarkets and app-based delivery.<\/p>\n<p>\u201cWe have been continually impressed by Inno-Pak\u2019s differentiated ability to work across multiple substrates and product types to meet the full spectrum of prepared food packaging needs.\u201d<\/p>\n<p>In 2022, Inno-Pak acquired Stalk Market and Finishing Services, followed by the purchase of Albany Packaging in 2023.<\/p>\n<p>Inno-Pak CEO Chris Sanzone said: \u201cOver the past five years, Inno-Pak has experienced tremendous growth across our product portfolio, manufacturing footprint, and team capabilities. <\/p>\n<p>\u201cWe are grateful for our partnership with the Emerald Lake team, who share our growth ambitions, culture of innovation and focus on remaining adaptable to meet the needs of our customers.\u201d<\/p>\n<p>            <!-- sponsored-whitepaper sponsored hidden sponsored-with-form --><\/p>\n<p>            <!-- Newsletter banner start --><\/p>\n<p><!-- <link rel=\"stylesheet\" href=\"\"> --><\/p>\n<div class=\"grid-container\">\n<section class=\"gdm-newsletter-banner__container\">\n<div class=\"grid-x gdm-newsletter-banner__wrapper-container gdm-newsletter-banner__wrapper-container--article\">\n<div class=\"cell large-9 gdm-newsletter-banner-info__wrapper\">\n<div class=\"gdm-newsletter-banner-logo__container\">\n                    <img decoding=\"async\" src=\"https:\/\/www.packaging-gateway.com\/wp-content\/themes\/goodlife-wp-B2B\/assets\/images\/newsletter-new.svg\" alt=\"Email newsletter icon\"\/>\n                <\/div>\n<p><h3 class=\"gdm-newsletter-banner__heading wp-noreslt\">Sign up for our daily news round-up!<\/h3>\n<h3 class=\"gdm-newsletter-banner__sub-heading\">Give your business an edge with our leading industry insights.<\/h3>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<\/div>\n<p><!-- Newsletter banner end --><\/p>\n<footer class=\"article-footer\">\n                                <!-- article-actions start --><\/p>\n<p><!-- .gdm-article-actions -->                                <!-- article-actions end --><br \/>\n                            <\/footer>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.packaging-gateway.com\/news\/emerald-lake-divests-inno-pak\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The financial terms of the deal were not made public. Credit: baibaz via Shutterstock. Emerald Lake Capital Management has divested Inno-Pak, a manufacturer of eco-friendly packaging for prepared and takeout foods, to Wynnchurch Capital\u2019s portfolio company Handgards. The financial details of the transaction have not been disclosed. Inno-Pak, headquartered in Ohio, US, offers a portfolio [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":5338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[165],"tags":[501],"class_list":["post-5337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-packaging-news","tag-packaging-containers-and-components"],"_links":{"self":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts\/5337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5337"}],"version-history":[{"count":0,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/posts\/5337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=\/wp\/v2\/media\/5338"}],"wp:attachment":[{"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.packagingindustrynews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}