Consolidation creates new packaging giant
By Editorial Staff, Resource Recycling
Five packaging companies have combined to form the sixth largest plastic packaging firm in the world.
Partners in the new firm, dubbed Exopack Holdings Sarl, include Chicago-based Exopack, as well as the U.K.-based Paragon Print & Packaging and The Britton Group, and German rigid plastics packaging producers Kobusch and PACCOR. Combined, the new Luxembourg-based firm will have 8,650 employees working in 63 plants worldwide. Aggregate annual revenues for the venture are estimated to be over $2.5 billion.