El Paso, TX-based foodservice consumables distributor Archer Foodservice Partners has agreed to acquire the foodservice business of SternoCandleLamp Holdings, Inc. — which does business as Sterno — from Compass Diversified for $292.5 million.

Archer Foodservice, owned by private equity firm Wynnchurch Capital, is the parent entity of Handgards, Inno-Pak and Fineline Settings companies. Sterno’s foodservice unit had 2026 adjusted EBITDA of $30.3 million.

The acquisition of Sterno will broaden Archer’s portfolio of foodservice products beyond disposable gloves, paper foodservice packaging, tabletop items, expendables and other carryout products.

Headquartered in Texarkana, TX, Sterno is a provider of portable food-warming and tabletop solutions, known for its chafing fuel products used across catering, hospitality and foodservice applications. The company employs over 240 employees across two primary converting sites located in Texarkana, TX and Memphis, TN.

Joe Kubicek, CEO of Archer, said,:“We are excited to add Sterno to our existing stable of market-leading companies including Handgards, Inno-Pak and Fineline Settings. As with our other brands, Sterno has established itself as an iconic brand and market leading provider of critical foodservice consumables and we are excited to continue building upon Sterno’s heritage under Archer’s ownership.”

The transaction is subject to customary closing conditions and is expected to close in the coming months.