The M&A binge continues for JanSan and packaging supplies distributor Envoy Solutions, which announced Feb. 10 its acquisition of Mooney-General Paper Company (MGP), a distributor of packaging supplies in Hillside, New Jersey. Financial details of the transaction were not disclosed.
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MGP marks the fourth acquisition of 2023 for Envoy. The Glenview, Illinois-based company made two acquisitions — Delta Packaging & Supply and Royal Paper Corp. — in January before acquiring Detroit Chemical & Paper Supply Company last week. Envoy, listed among MDM’s Top JanSan Distributors last year, made 16 acquisitions in 2022.
Founded in 1917, MGP is a distributor of supplies and equipment for industrial packaging, foodservice and food packaging, and sanitary maintenance. MGP has been a supplier for businesses in New Jersey, New York and Pennsylvania for over a century.
“It’s incredible to have such a highly valued company with a long history of success join our rapidly growing family of regional distributors,” Envoy CEO Mark Fisher said in a news release. “With this new partnership, we will continue building momentum in our Northeast region, a key geographic market where we’ve seen tremendous growth. While we expand our national platform, we are committed to maintaining the highest level of customer intimacy at the local level, so we can help our clients solve the industry’s toughest challenges.”
“We’ve been successful for more than a century because we continue to innovate and adapt in changing times to bring creative solutions to our customers,” MGP chairman Andrea Ribakove said in the release. “The support and scale of Envoy Solutions will enable us to build upon our storied history on a national level to drive growth in this exciting new chapter. I know my grandfather, Joseph Riemer, a founding member, and my late father, Gary Riemer, a former president, would have been very supportive of the acquisition and the success Mooney-General Paper had for 106 years as a family-run business.”
“We consider Envoy Solutions to be the leading innovator and solution provider in specialized distribution across the U.S. because of its differentiated business model, and we couldn’t be happier to be part of its growing national platform,” MGP president and CEO Richard Ribakove said in the release. “The expanded value that joining Envoy Solutions will bring to our customer base is undeniable.”
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