“Arbor’s extensive experience in the food, beverage and packaging industries made them a perfect partner for Keyes, our management team, employees and customers,” said Rebecca Kalis, president and CEO of Keyes.
Arbor Investments said the deal for Keyes, which operates in the molded fiber products arena and protective tissue for highly perishable products, was driven by their market position.
Keyes also deals in wine and beverage, egg and fruit and vegetable trays.
Richard Boos of Arbor Investments, said: “The company has expanded profitably under the ownership of Tricor Pacific Capital, and we are thrilled to partner with the management team in their next phase of growth.”