News and Insights
RAND-WHITNEY REACHES AGREEMENT TO ACQUIRE
SPECIALTY FINANCE & CONSULTING CORPORATION
Rand-Whitney Container LLC today announced that it has reached an agreement to acquire the assets of Specialty Finance & Consulting Corporation (“SF&C”) located in Red Lion, Pennsylvania. SF&C is in the business of manufacturing, warehousing and distributing corrugated sheets, corrugated packaging, and related ancillary products and services. SF&C has been in the corrugated business for over 40 years and has earned a reputation as a high-quality manufacturer with a focus on customer service. This acquisition would also include the acquisition of the assets of Specialty Industries, Inc., NuPak Printing, LLC and Krafcor Industries, Inc. Rand-Whitney is excited about the opportunity to expand into the Mid-Atlantic region and will continue to invest in incremental capabilities in order to provide even more value to the SF&C customers in the future.
Rand-Whitney expects the the acquisition to close by August 1st, 2019
Rand-Whitney, based in Worcester, Massachusetts, is the largest independent corrugated manufacturer in New England. The company operates from multiple facilities and can assist with a wide range of packaging needs, covering engineering, design, testing, fulfillment and real-time information processing. Rand-Whitney services customers in the medical, food and beverage, electronics, aerospace, industrial products and consumer goods industries. The company is 100% owned and operated by the Kraft Group. For more information, please visit randwhitdev.wpengine.com.
ABOUT THE KRAFT GROUP
The Kraft Group, headquartered in Foxborough, Massachusetts, is the holding company for the Kraft family’s various businesses, with concentrated interests in five areas: paper and packaging manufacturing and the distribution of forest products; sports and entertainment; real estate and development; private equity investing and philanthropy. Together, the Rand-Whitney Group and International Forest Products conduct business in more than 90 countries and form one of the largest privately-owned paper, packaging and distribution companies in the world, trading more than 4 million tons of pulp and paper grades annually. The Kraft Group’s sports and entertainment division features Gillette Stadium, New England’s premier concert and entertainment venue and home to the National Football League’s six-time Super Bowl champion New England Patriots and Major League Soccer’s New England Revolution. For more information, visit www.thekraftgroup.com.