Sabert to acquire LBP Manufacturing.

Sabert, a global food packaging company, agreed to acquire LBP Manufacturing, a producer of environmentally progressive and sustainable food and beverage packaging. Financial terms were not disclosed. "LBP's customer-centric culture and superior track record of developing performance-driven products that respond to their customers' needs make them a great fit to join our organization. As a leader in paper-based packaging, LBP's strong position in the Quick Service Restaurant channel combined with Sabert's sales network and global presence will allow the new organization to deliver tremendous value to the market, enabling us to achieve our vision of being the most admired company in our industry," Albert Salama, Sabert Founder and Chief Executive Officer.