Deal radar ·
Enjay buys Ohio family packaging maker New Method as owner hands over to son
Food packaging
Canadian food packaging maker Enjay Converters has acquired New Method Packaging, a Springfield, Ohio family business founded in 1982, in a deal that lets owner Kevin Miller retire gradually and hand the leadership to his son Jerad.
News: A family succession is solved through a sale to a cross-border peer, with the next generation staying on to run the business.
Why it matters: Enjay, backed by Champlain Financial, gets a U.S. plant with overlapping bakery and pizza packaging lines.
Radar: Watch for further consolidation in niche food packaging. Deal value was not disclosed.
People involved
- Kevin Miller – Owner.
- Jerad Miller – Owner.
- Jay Cassidy – Buyer.
A name here does not mean that person signed the purchase agreement.
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