Latest Headlines

Five leading packaging companies combining to create the world’s sixth-largest global plastics packaging company

Exopack, Britton Group, Kobusch, PACCOR and Paragon companies join forces

May 6, 2013
KEYWORDS industry news
/ Print / Reprints /
ShareMore
/ Text Size+

Five leading packaging companies in North America and Europe announced they intend to combine in order to operate as one global leader under the banner of Exopack Holdings Sarl (http://www.exopack.com/), a new Luxembourg company (“the Combined 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 U.S.-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 Chief Executive Officer.  Mike Alger will serve in the capacity of the Company’s Chief Financial Officer; 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,” says 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,” says 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,” says 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. 

Did you enjoy this article? Click here to subscribe to Food and Beverage Packaging

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 Beverage Breakthroughs of the Year

Beverage packaging innovations huff, puff and blow traditional packaging down.
12/10/13 2:00 pm EST

Creating A Winning Culture: It’s Only data Unless you Use it!

On-Demand Manufacturers are often trying to answer a simple question: why is my machine stopped?  Or more precisely what caused my machine to stop?

Food and Beverage Packaging

FBP April 2014 cover

2014 April

Check out the April 2014 issue of Food & Beverage Packaging, featuring our annual Packages of the Year cover story!

Table Of Contents Subscribe

Packaging Formats

Which packaging format do you want to see more of with regards to meat/poultry/seafood packaging?
View Results Poll Archive

The Food and Beverage Packaging Store

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\FBP\modified-atmosphere.gif
Modified Atmosphere and Active Packaging Technologies

Many factors are relevant in making the proper choice of food packaging material, including those related to shelf life and biodegradability.

More Products

FBP Buyer's Guide

2013 FBP Buyers Guide

 

 

Food and Beverage Packaging's Buyer's Guide provides a list of suppliers of food and beverage packaging solutions. 

Clear Seas Research

CS-OflRGBhomepage.jpgWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Facebook icon Twitter iconYoutube icon LinkedIn icon