HedgeCo.Net — Butterfly Equity announced on September 22, 2026 that it has entered a definitive agreement to acquire Sabert Holding Corp., a Sayreville, New Jersey manufacturer of plastic, paper, and molded-fiber food packaging, according to the firm’s Business Wire release and corroborating Packaging Dive and Kirkland & Ellis advisory notes. Financial terms were not disclosed. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2026.
Founder and executive chairman Albert Salama will remain a meaningful minority investor after closing. Packaging Dive reports Sabert employs about 3,000 people across 13 manufacturing facilities globally, including nine in the U.S., and previously acquired U.K. packager Colpac. Butterfly, a Los Angeles food-and-beverage specialist, said the deal advances its packaging vertical after acquiring digitally printed flexible-packaging firm ePac earlier in 2026.
For PE allocators tracking food-system packaging platforms, the sourced marks are the definitive agreement, Q4 2026 close target, Salama rollover, headcount/facility footprint, and the ePac adjacency. Purchase price, leverage, and EBITDA multiples were not published and must not be invented.