LBS Acquires Pilgrim Packaging

July 15, 2025

LBS, a 100% employee‑owned bookbinding and packaging materials company based in Des Moines, acquired Pilgrim Packaging, a specialty converted‑materials supplier to the floral industry. Pilgrim will continue operating from its Huntley, Illinois location as LBS's third division; terms were not disclosed and LBS said it will invest in additional equipment and material offerings to expand converting capabilities.

Buyers
LBS
Targets
Pilgrim Packaging
Industry
Manufacturing
Location
Illinois, United States
Transaction Type
Buyout

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