Packaging Market: Enjay Buys New Method Packaging in US

Enjay Converters Acquires Ohio’s New Method Packaging in Food Packaging Deal

COBOURG, Canada — November 13, 2026 — Enjay Converters Ltd announced the acquisition of New Method Packaging LLC, an Ohio-based converter of custom corrugated and paper-based food packaging, a consolidation move within the Packaging Market. newswire

Enjay, based in Cobourg, Ontario, produces food-contact grade packaging for retail, supermarket and food processor customers. New Method, based in Springfield, Ohio, supplies bakery, pizza and foodservice channels. Its main products are cake circles, trays and boards, ovenable baking trays and carryout boxes.

The transaction gives Enjay access to a second manufacturing facility to serve customers in Canada and the United States. It also lets New Method’s president, Kevin Miller, pass leadership to his son, Jerad Miller, who will assume leadership of the company. The management team and employees will remain involved.

Enjay credited Champlain Financial Corporation, a Montréal-based financial partner, for supporting the deal. The financial terms have not been disclosed.

The global Packaging Market was valued at USD 1.18 Trillion in 2025 and is estimated at USD 1.23 Trillion in 2026. It is projected to reach USD 1.95 Trillion by 2035, growing at a CAGR of 5.25% from 2026 to 2035.

Key Highlights:

• Enjay gains a second production site, with New Method operating a 97,000 sq ft production facility and a 43,000 sq ft warehouse in Springfield.

• Both companies make overlapping food-contact packaging lines, including cake circles, trays and boards.

• Leadership of New Method passes from Kevin Miller to Jerad Miller, with the existing management team and employees staying in place.

• Financial terms were not disclosed.

Analyst Insight:

According to analysts at Next Move Strategy Consulting, the packaging industry remains moderately fragmented. M&A activity is concentrated on the consolidation of regional converters, which is consistent with deals of this type.

NMSC analysts note that Food is the largest end use in the Packaging Market, at approximately 30% share (USD 0.35 Trillion) in 2025. Paper and Paperboard Packaging is the leading offering, at approximately 36% share and a 5.89% CAGR from 2026 to 2035.

Industry Outlook:

The combination reflects continued activity among regional paper-based packaging converters serving food and bakery channels. Because terms were not disclosed, the scale of the deal relative to the broader market cannot be assessed.

NMSC’s analysis identifies extended producer responsibility compliance costs and input-cost volatility as ongoing restraints on margins across the industry through 2035. Smaller converters face particular exposure, as they have less capacity to absorb regulatory and raw-material cost shifts.

Source: Enjay Converters announcement, November 13, 2026

For More Information: Download FREE Sample on Packaging Market Report 

Prepared By: Sanyukta Deb