Acquisition announced

Supplier of trays for the food industry, Færch Plast A/S, with headquarters in Holstebro, Denmark, has strengthened its position as a supplier to the expanding global food industry with the agreed acquisition of Sealed Air’s Food Trays Business in Europe – closing expected by 1st November 2015.

 

Sealed Air is a leading manufacturers of food, protective and speciality packaging materials. The company’s Food Trays Business manufactures high quality packaging solutions for fresh meat, salad, fruit and food service. The acquisition comprises the activities of the Poole (UK) and Buñol (Spain) based manufacturing sites, Sealed Air and Sealed Air Buñol, as well as associated commercial activities. 

 

With the acquisition, Færch Plast takes over the Cryovac food-packaging brand that for more than 50 years has supplied innovative food packaging solutions worldwide, particularly within the fresh meat and skin pack sector. In combination with Faerch Plast’s position as a leading European producer of packaging trays for the food industry, the acquisition provides the Holstebro-based company with the opportunity to offer its customers a stronger and wider product portfolio and to service customers on an even larger geographical scale with the addition of the Buñol-based factory in Spain.

 

“We are impressed by the extensive product portfolio at Sealed Air Poole and Buñol, and we believe the combination with Færch Plast to be an excellent opportunity for both parties, providing an even stronger foundation to deliver a broad, high quality product range to our customers. The reputation and image of Sealed Air’s European tray activities are impressive,” says Færch Plast president & CEO, Lars Gade Hansen.

 

This is the second acquisition that Færch Plast concludes in 2015 and is finalised only six months after the purchase of UK-based Anson Packaging. 

 

Jonathon Durnford, vice president at Sealed Air Food Care Europe states: “Sealed Air is committed to working with Færch Plast to ensure that our customers have the best in class range of trays and lidding films. In the near future, we look forward to expanding our portfolio to include ovenable and retort film solutions. We will work closely with Færch Plast during the transition so that it can continue to maintain quality and supply standards, while Sealed Air continues to innovate for a broader market offering in future years.

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