Mansfield, MA – November 7, 2023 – Lacerta Group (“Lacerta” or the “Company”), a leading provider of innovative and sustainable thermoformed packaging solutions, announced today the appointment of Paul Young as its new Chief Executive Officer, effective November 6, 2023.
Mr. Young previously served as the Chief Executive Officer of Tekni-Plex, a global leader in the consumer and healthcare packaging sector, where he led the successful turnaround of the business. Through operational excellence, customer responsiveness and strategic growth investments, its revenue grew to more than $1 billion while earnings quadrupled. Prior to joining Tekni-Plex, Mr. Young held various general management and manufacturing roles for Graham Packaging, Owens-Illinois and Continental PET Technologies. Mr. Young holds an M.B.A. from DePaul University and a B.S. in Chemical Engineering from the University of Toledo.
Jack Norris, Managing Director of SK Capital and Chairman of Lacerta, stated, “Paul Young is a proven executive with a track record of driving transformation and growth in the packaging sector. His understanding of the industry, decades of relevant experience, and commitment to sustainability and innovation align perfectly with Lacerta’s core values and mission.”
“Lacerta represents a unique opportunity to build upon the foundation created by the Lotfi family and to establish the company as a clear market leader in sustainable and innovative packaging solutions,” Mr. Young stated. “I am excited by the trust placed in me by SK Capital and the Board of Directors and look forward to working with Lacerta’s senior leadership team to drive the agenda for strategic growth and realize the full potential of the Company.”
Dante Parrini, Senior Director of SK Capital and Board Member of Lacerta, added, “We are pleased to have attracted a talent of Paul’s caliber to Lacerta. The Company has highly leverageable competitive advantages in attractive growth markets and tremendous upside potential to further assert its leadership position in innovative and sustainable packaging solutions. In Paul, we are confident we have selected the right leader for the next chapter in the Company’s impressive history.”
Lacerta Group, LLC is a leading provider of innovative and sustainable thermoformed packaging solutions. The Company offers a comprehensive range of custom PET packaging products, including a leading line of tamper-evident products sold under the “Fresh N’ Sealed” brand. Lacerta has built its reputation on product quality, customer service and speed to market. The Company offers a comprehensive product portfolio and in-house design capabilities, with a customer-centric business model focused on tailored solutions for food processors and supermarkets. Lacerta’s fully integrated manufacturing platform includes capabilities across the product lifecycle in design & engineering, prototyping, mold-making & tooling, extrusion, thermoforming, and printing. The Company has also invested significantly in becoming a leader in delivering sustainable solutions to customers including offerings that incorporate substantial levels of post-consumer content. Headquartered in Mansfield, Massachusetts, Lacerta operates seven facilities in the United States: four in Mansfield, MA, one in Attleboro, MA, one in Chatsworth, California, and one in Portage, Wisconsin. Founded by the Lotfi family in 1993, Lacerta is a portfolio company of SK Capital Partners (www.skcapitalpartners.com). For more information regarding Lacerta, please visit www.lacerta.com.