Lebanon-based manufacturer PFP, LLC, which has made its home on Toshiba Drive since late 2012, has been acquired by Atlanta-based Graphic Packaging International.
According to a news release issued by Graphic Packaging on Wednesday, the company reached an agreement to purchase the Lebanon die-cuts manufacturing company and its related entity, PFP Dallas Converting.
The acquisition will give Graphic Packaging access to PFP’s manufacturing facilities in Lebanon and Lancaster, Texas. A spokesperson for the company declined to speculate on how the deal, terms of which were not released, might impact the roughly 40 employees at the Lebanon operation.
“We’re excited to have the people that are there and be a part of this community because it is vital to our growth strategy,” Sue Appleyard, senior manager of corporate communications for Graphic Marketing, told The Wilson Post Thursday. “ … It is a growth market for us.”
Founded in Gordonsville in 1999 before its move to the former Toshiba facility in Lebanon, PFP services the air filter industry by specializing in Paperboard Filtration Products such as air-conditioning filter frames, die cuts and more.
The company was founded by the late Fran Moscardelli of Lebanon. When the company relocated from Smith to Wilson County in late 2012, it purchased 400,000 square feet of the warehouse facility that was once part of the 894,000-square-foot Toshiba plant. Moscardelli started PFP, LLC, with his sons, Richard and Michael.
In the news release issued by Graphic Packaging, the company’s president and CEO, Michael Doss, said the acquisition of PFP “extends our leading position in the growing paperboard-based air filter frame market.”
Graphic Packaging provides paper-based packaging solutions, serving food, beverage, foodservice and other consumer products companies, with a wide range of products, including folding cartons, paper-based foodservice products and more.