With over 650 employees, SCT produces over 500 stock products, as well as custom solutions, for customers primarily in the foodservice and bakery industries using offset litho, flexographic and digital printing technologies. SCT has announced that it plans to retain the workforce at Honeymoon and continue to operate the plant in Fairfield, Ohio. The acquired company manufactures corrugated circles and pads (aka “cake boards”) used in the take-out departments of bakeries and delis. Southern Champion Tray (SCT), a family-owned company headquartered in Chattanooga, Tennessee, acquired Honeymoon Paper Products. Not surprisingly, sales of snack foods, in all forms, are especially booming. Bottled drink sales are up and consumption of in-home alcoholic beverages (and cannabis products where legal) have zoomed upward as we sit home and Zoom each other. As we transitioned to a nation of homebodies and online shoppers, what we are consuming is food baked, processed, canned, dried, frozen, and all forms of packaged food. Despite the deep recession, everything that gets consumed still needs to be labeled, boxed, bagged, bottled, or pouched. However, confidence is not yet evident across the packaging board a deeper look reveals a common thread among these early out-of-the-gate acquisitions.

Buyers of packaging companies, both privately-owned and PE-backed, closed on deals in June, a clear demonstration of their confidence in the long-term economic recovery.

Sunbelt letterpress