Minneapolis, Minnesota based Liberty Diversified International (LDI) has announced its acquisition of Alois Box Company of Chicago, Illinois. The acquisition marks the accelerating growth of the Liberty Packaging business unit within the LDI family of companies.
Alois Box is a strong player in the corrugated packaging market in the Chicago area. The company has manufactured corrugated boxes, die cuts, and displays since 1953. The Alois Box employees will become part of the Liberty Packaging team.
According to Mike Fiterman, LDI’s Chairman and CEO, “This acquisition of Alois Box is part of our growth strategy focused on serving customers with speed, efficiency and quality.”
Fiterman also said Alois Box Co. and its brands will become part of LDI’s Liberty Packaging group, North Region. David Jones and other existing senior employees will continue to staff key management positions in the company.
“As part of Liberty Packaging, we will continue to deliver exceptional customer service,” said Jones. “Time and again, we have proven to be the go-to supplier for our customers.”
“Our industry is changing,” added Fiterman. “This acquisition will help us deliver on our commitment to customers for increasingly demanding corrugated solutions, including sustainability, right-weighting and retail-ready packaging.”
As both companies are privately held, the purchase price was not disclosed.