LDI Sets Sights on $1 Billion in Sales While Investing in Acquisitions, Capital Upgrades

Tucked on a side street, behind a restaurant just off Interstate 394 in Golden Valley, sits a nondescript boxy building that spans several blocks.

Step inside, and huge plumes of steam and cornstarch dart to the rafters as a massive “corrugator” stamps, slices and glues 8,000-pound paper rolls into thousands of shipping boxes and product displays destined for Amazon, Heineken, Owens Corning, the Red Cross, Hormel and groceries nationwide.

The bustling Liberty Carton is just one page of Liberty Diversified International (LDI), a $675 million company determined to grow ever larger by adding more corrugated-board customers and acquisitions.

“Our packages could be in every store in America and are in every phase of your life,” LDI CEO Mike Fiterman said. “They display your fruit, deliver groceries to stores, and ship your diapers, furniture, television sets and the tile in your basement. … And to think, it all started with my grandfather and a horse and a wagon” in 1918.

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