Press Release: LBS Acquires Pilgrim Packaging

LBS Acquires Pilgrim Packaging, Strengthens Position in Specialty Materials and Converting

DES MOINES, IA — July 28, 2025 — LBS, a 100% employee-owned company and one-stop shop for the book binding and packaging industries, is pleased to announce the acquisition of Pilgrim Packaging, a long-standing supplier to the floral industry known for its specialty converted products and responsive service. The transaction closed on July 15, 2025. Terms of the deal were not disclosed.

“We are thrilled to welcome Pilgrim Packaging into the LBS family of companies,” said Dan Nibe, President and CEO of LBS. “Pilgrim’s reputation for ease of doing business, quality products, and dedicated customer care makes them a natural fit for us. Together, we’re in a great position to support a broader range of needs across industries—without losing the personalized service that defines both of our organizations.”

This strategic acquisition represents an exciting step in LBS’s continued growth. As part of a broader initiative to expand its product portfolio and in-house converting capabilities, LBS is investing in new equipment and qualifying additional material offerings for customers in the book and premium packaging markets. More updates will be shared in the months ahead.

Expanding Opportunities for All Customers Customers of Pilgrim Packaging will now benefit from LBS’s expertise and operational strength, including access to a dedicated customer service team and the resources of LBS’s broader organization. With strong alignment between supplier networks, customers can expect a more streamlined sourcing process and strengthened supply reliability—backed by the scale and stability of an employee-owned company.

At the same time, LBS customers can feel confident that the company’s focus remains unchanged. This integration supports LBS’s long-term commitment to offering a comprehensive product portfolio and responsive service—powered by a dedicated team of employee-owners.

Pilgrim becomes LBS’s third division alongside Archival Products, LBS’s conservation-focused operation, as part of a growing family of brands dedicated to craftsmanship, service, and smart growth. Pilgrim Packaging will continue operating out of its Huntley, Illinois location, and its current employees will become part of the LBS organization.

About Pilgrim Packaging

Pilgrim Packaging is a long-established supplier of specialty converted materials, serving the floral and related industries with products such as wax-coated tissue paper, protective sleeves, and paper-based flower boxes. The company is located in Huntley, IL and recognized for its fast turnaround times and customer-first approach.

Learn more at www.pilgrimpackaging.com.

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