Flexible Packaging Assn. presents highest achievement honors for sterile bags and vacuum skin packaging.Read more
Enterprise Labeling Solutions offer an efficient way to meet the needs of OSHA compliance for labeling of chemicals.Read more
At well over 1 million sq ft and growing, the triennial plastics showcase will have operating equipment at 400+ booths.Read more
PFFC's "On Print" columnist Dene Taylor will present educational session on packaging.Read more
News | New Products
The slitter/rewinders, intended for Bemis’s recapitalization program, are expected to bring added productivity and ergonomics
Dual motor drive retrofit reportedly allows older sheeters to remain competitive
The event is expected to draw record numbers of exhibitors in a record amount of space, and to be the most NPE in history
The SWIFT system is said to allow brand protection and security at high volumes for an affordable cost
Duropack, now part of DS Smith, has raised its market share in Europe and sharpened its focus on packaging, reports OEP
Company will launch enhancements to the integration with EskoArtwork at the upcoming DSCOOP X event
Metallized BOPP film is said to provide good barrier and a treated surface for printing, as well as good heat seal strength
Directories | Reports
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- May 06, 2013
CHICAGO, IL | Five leading packaging companies in North America and Europe have announced they intend to combine in order to operate as one global leader under the banner of Exopack Holdings Sarl, a new Luxembourg company. The combined business will have 63 plants, 8,650 employees, and aggregate revenues of more than US$2.5B, making it the sixth-largest plastics packaging company in the world.
Joining Exopack, a US-based producer of flexible paper and plastic packaging and advanced coatings, will be four leading companies based in Europe—Britton Group, a flexible plastic packaging manufacturer; PACCOR, the second-largest rigid plastic packaging company in Europe; Kobusch, a producer of tailor-made flexible and rigid packaging systems; and Paragon Print & Packaging, a leader in private label packaging solutions in the UK.
All five packaging companies are affiliated portfolio companies of Sun Capital Partners Inc. The brand names of the five businesses would remain in use by the combined company.
The combined company is to be led by a strong management team with more than 100 years of experience in the packaging industry. Jack Knott will serve in the capacity of CEO. Mike Alger will serve in the capacity of the CFO; Dieter Bergner will be CEO of PACCOR (Global Rigid business); and Michael Cronin joins the team as CEO of the Global Flexibles business.
“This combination represents a natural next step in a process that began eight years ago to create a global packaging company with a solid foundation for future growth,” said Marc Leder, co-CEO of Sun Capital Partners. “Building on past collaborations between the companies, the combination will immediately achieve synergies and allow the combined company to more effectively pursue global business.”
“By joining together to form this new entity, we will be better able to serve the needs of our global customers through a manufacturing base spanning North America, Europe, the Middle East, and China that enhances our ability to deliver outstanding service,” said Jack Knott. “The larger scale will enable us to accelerate the development and commercialization of new and differentiated products that offer our customers a competitive advantage.”
The combined company’s expanded footprint means the company will be well positioned to supply diverse end markets and unlock additional growth opportunities. Additionally, the Combined Company will have a more robust, diverse, and complementary product portfolio.
“All five companies have achieved success by introducing market led innovations,” said Michael Cronin. “We strongly believe that this combination will increase that capability by aligning the organization with how customers want to be served today and by working more closely and strategically as one.”
“This combination will enable us to invest more efficiently in the new technologies that will deliver the best packaging solutions to our customers,” added Dieter Bergner, who had served as CEO of PACCOR since 2010. “This is vitally important in order to present their products in the most effective and appealing way to drive sales.”
The combination is subject to certain notice and contractual restrictions, and in particular requires the consent of certain lenders to the packaging companies. It is anticipated that all required consents will be obtained within two weeks.