ACR, also known as AmerCareRoyal, has acquired Ultra Green Packaging, expanding its portfolio of sustainable foodservice and retail packaging products. The transaction represents ACR’s twelfth strategic add-on acquisition since partnering with Oridian Capital Partners.
Ultra Green supplies molded fiber packaging products including take-n-bake pizza trays, sushi trays, and bakeware. ACR plans to add the company’s molded fiber expertise to its PrimeWare product line, broadening its compostable and sustainable packaging offerings and strengthening its presence with grocery and retail customers.
The acquisition fits ACR’s strategy of adding specialized packaging businesses that complement its broader foodservice and operational supplies platform. Ultra Green is headquartered in Mound, Minnesota, and designs and distributes a proprietary line of eco-friendly fiber-based packaging along with rPET packaging lids for foodservice, grocery, and institutional customers.
Kristin Davidson, President and Owner of Ultra Green Packaging, will remain actively involved with the business following the acquisition alongside other members of the management team. ACR said the combination will provide Ultra Green with access to its broader customer relationships and distribution infrastructure while extending the reach of Ultra Green’s sustainable packaging products.
Greenberg Traurig served as legal counsel to ACR. Tamarack Advisory Partners advised Ultra Green financially, while Taft served as Ultra Green’s legal counsel. Oridian Capital Partners focuses on lower-middle-market service, distribution, and manufacturing businesses and uses acquisitions and operating initiatives to support growth across its portfolio.
KEY QUOTES:
“Customer demand for sustainable packaging solutions continues to grow across the foodservice and grocery channels, and Ultra Green strengthens our ability to meet that need. Their molded fiber capabilities and compostable packaging credentials complement our existing portfolio well, and we look forward to bringing these solutions to a broader base of grocery and retail customers.”
Scott Milberg, Chief Executive Officer Of ACR
“Ultra Green reflects the kind of business we seek out for ACR’s platform: an established company with a strong niche and product portfolio. Given its complementary nature, we believe the combination with ACR’s infrastructure and customer relationships will create growth opportunities for the combined business.”
Brendon Biddle, Managing Director At Oridian Capital Partners
“Since assuming ownership of Ultra Green, our primary objectives have been to deliver high-performing packaging solutions, provide unparalleled customer service, and adhere to rigorous sustainability standards. Joining ACR enables us to extend this commitment to a broader customer base while continuing to uphold the exceptional service, quality, and compliance standards upon which our business was established.”
Kristin Davidson, President And Owner Of Ultra Green Packaging
