Toronto, May 2, 2023 – Kent Road Capital announced today that it has acquired a majority interest in CuBE Packaging Solutions Inc. (“CuBE” or the “Company”), a market leader in reusable packaging solutions. CuBE’s current shareholders will retain a significant investment in the Company.
As a leading North American manufacturer of sustainable packaging solutions, CuBE offers restaurant and retail customers fully reusable, recyclable, and customizable containers. CuBE’s injection molded packaging products are well-suited to the increasing demands of at-home and off-premise dining as consumers become more conscious of the environmental impact of single-use packaging.
David Mansell, Managing Partner of Kent Road Capital, said, “We are excited to partner with CuBE, its management team, and current shareholders to support the Company’s growth and continued success.”
Ian Kessler, Partner at Kent Road Capital, added, “CuBE’s commitment to sustainability, combined with its leading market position and customizable product offerings, make it an attractive investment opportunity for Kent Road Capital.”
Goodmans LLP acted as legal counsel and BMO Capital Markets Corp. acted as financial advisor to Kent Road Capital.
ABOUT KENT ROAD CAPITAL
Founded by David Mansell, Steve Lawrynuik, and Ian Kessler, Kent Road Capital combines a long and successful private equity track record with proven operational and business transformation expertise. Together with a team of outstanding senior advisors, Kent Road Capital is committed to acquiring and building high quality businesses by offering them the capabilities and capital to help them flourish. Further information is available at kentroadcapital.com.
ABOUT CUBE PACKAGING SOLUTIONS INC.
CuBE is a leading manufacturer of sustainable packaging solutions for restaurant and retail customers. Founded in 2009, CuBE provides high-quality, customizable, and reusable injection molded containers from its state-of-the-art facility. CuBE containers are microwave, dishwasher, freezer, and food safe, and feature a consistent airtight seal, ultra clear lids and custom lid embossing technology. Further information is available at cubep.com.