Færch Plast acquires Sealed Air’s European food trays business

Danish-based tray packaging supplier Færch Plast has agreed to acquire Sealed Air’s food trays business in Europe, further strengthening its position as a supplier of trays to the food and drinks industry. Sealed Air is one of the world’s leading manufacturers of food, protective and speciality packaging materials, Færch Plast said, with manufacturing sites in the UK and Spain generating annual revenues of around €46.92m.

The transaction, expected to be completed by 1 November, was agreed for an undisclosed sum. The deal will allow Færch Plast to assume control of the Cryovac food packaging brand, which is active 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, it 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 factory in Buñol, west of Valencia.

It is the second acquisition that Færch Plast has concluded in 2015 and has been finalised only six months after the purchase of UK-based Anson Packaging.

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