Kenah Family To Regain Ownership of Albert Paper Products

Albert Paper Products, Inc., a specialty paperboard and corrugated packaging manufacturer, announced a partnership with Soterra Capital, a private investment firm focused on building enduring lower-middle-market businesses. The accord will move ownership of Albert Paper Products back to the family that founded, and continues to manage, the Irvington, NJ-based firm.

Founded in 1944 and operated for four generations by the Kenah family, Albert Paper is known for its hands-on leadership, craftsmanship, reliability and deep customer relationships across the cosmetics, personal care, food, medical, industrial, and ecommerce packaging markets. The company provides custom folding cartons, chipboard components, partitions, pads, and related packaging products.

While the Kenah family has managed the company since its founding, ownership has resided with an outside private party since the 1980s.

This transaction—supported and structured by Soterra Capital—enables the Kenah family to buy back ownership of the business and continue family stewardship of the enterprise.

Going forward, Albert Paper will continue to operate under its existing name and remain headquartered in Irvington, through this long-term operating partnership with Soterra. Together, Soterra and the Kenah family are committed to building on the company’s legacy.

“Albert Paper has been part of my family for more than 80 years, and our identity has always been rooted in service, quality, and long-term relationships. Partnering with Soterra allows us to continue that legacy while investing in the next chapter of growth for our customers and our team. We are excited to build on what previous generations created and extend our family’s heritage well into the future,” said Mark Kenah, president of Albert Paper Products, a fourth-generation descendant of the company’s founder.

Jeremy Carter, managing partner of Soterra Capital, said he was impressed by the Kenah family’s management, the strength of the company’s culture and the resilience of its business model.

“The packaging industry serves the entire economy and continues to demonstrate attractive fundamentals. We look forward to supporting Mark and the Albert Paper team as they expand capabilities, deepen customer relationships, and carry forward the company’s remarkable legacy,” said Carter.

Soterra Capital has offices in Austin, TX, and Louisville, KY.