CORE Industrial Partners has expanded its packaging platform, Momentium, with the acquisition of Superior Lithographics.
Superior Lithographics specializes in high-graphic paperboard packaging. The company’s products include folding cartons, corrugated litho top sheets, and lithographic labels used in food, beverage, and consumer goods packaging. The company’s service capabilities include design, offset printing, die-cutting, and finishing.
Source: Momentium/Getty Images
Superior’s customer base comprises consumer packaged goods (CPG) companies, food manufacturers, and private-label retailers. Superior was founded in 1986 by Doug Rawson and is headquartered in Los Angeles, California. The company operates 126,000 square feet across three adjacent facilities.
“For nearly 40 years we have prided ourselves on delivering high-quality products to our valued customers,” said Doug Rawson, the owner of Superior. “We view Momentium as the ideal partner to carry forward the relationships built with both customers and our tremendous employee base, and we’re excited to enter a new chapter of growth as part of the platform.”
Momentium was founded by CORE as a consolidation platform in November 2023 with the acquisitions of two folding carton companies; Massachusetts-based Century Box and Illinois-based General Converting.
Today, Momentium is a producer of folding carton packaging with in-house capabilities that include design, sheeting, offset printing, die-cutting, windowing, folding, and gluing. The company’s packaging is used by companies in the food and beverage, healthcare, confectionery, and consumer sectors.
Momentium has more than 370 employees and is led by CEO Dano Lister. The company operates four facilities in Illinois (1), Massachusetts (2), and California (1), with a combined 450,000 square feet.
Source: Momentium/Getty Images
“Momentium is excited to welcome Superior to our platform as we continue to invest in the infrastructure, technology, and human capital needed to become the manufacturer of choice in the paper packaging industry,” said Mr. Lister. “We believe Superior is a seamless fit with the company’s value proposition of offering holistic paper packaging solutions with a relentless focus on customer service. On behalf of the Momentium brand, we are excited to partner with Superior in realizing the next phase of the company’s growth.”
“The acquisition of Superior aligns with our strategy to build a nationwide packaging solutions provider serving attractive end markets with a customer-centric approach,” said Ronnie Rascia, a partner at CORE. “We believe Superior is an especially strong strategic fit with Momentium, extending our geographic reach with a presence on the West Coast and expanding our product portfolio by adding lithographic label and top sheet printing capabilities while maintaining a focus on our core folding carton offering. We are pleased to add Superior to our platform and look forward to partnering with the Company to accelerate the next phase of growth.”
CORE Industrial Partners makes control equity investments of up to $100 million in North America-based companies with revenues of up to $200 million and EBITDA of up to $20 million. Sectors of interest include a range of specialty verticals within the manufacturing and industrial technology sectors.
In February 2024, CORE announced the above-target closings of two new funds with a combined $887 million of capital. The two funds are CORE Industrial Partners Fund III LP with $685 million of capital, and CORE Industrial Services Fund I LP with $202 million of capital. CORE is headquartered in Chicago.
CORE Industrial Partners has expanded its packaging platform, Momentium, with the acquisition of Superior Lithographics.
“The acquisition of Superior aligns with our strategy to build a nationwide packaging solutions provider serving attractive end markets with a customer-centric approach,” said Ronnie Rascia, a partner at CORE. “We believe Superior is an especially strong strategic fit with Momentium, extending our geographic reach with a presence on the West Coast and expanding our product portfolio by adding lithographic label and top sheet printing capabilities while maintaining a focus on our core folding carton offering. We are pleased to add Superior to our platform and look forward to partnering with the Company to accelerate the next phase of growth.”
