Imperial Dade, a portfolio company of Audax Private Equity, is purchasing JPC Enterprises Inc., a distributor of foodservice disposables and janitorial products doing business as Jersey Paper. This deal serves as the fifth add-on acquisition since the PE firm first invested in Imperial Dade in 2016.
Jersey Paper serves customers in the New York and Philadelphia metropolitan communities with paper, packaging, plastics, disposables and janitorial supplies. Founded in 1935, the Edison, New Jersey-based target offers a selection of more than 4,000 products. Jersey Paper operates from a 152,000 square food distribution center with a list of manufacturers, which include: Georgia Pacific, Dart Container, and Pactiv. Financial terms of the deal were not disclosed.