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August 6, 2020

Altium enters next phase of $10m investment in PET capacity

North American packaging solution provider Altium Packaging is enhancing its polyethylene terephthalate (PET) bottle production capacity and capability.

North American packaging solution provider Altium Packaging is enhancing its polyethylene terephthalate (PET) bottle production capacity and capability.

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The company has now moved into the next phase of a $10m investment.

This follows after the company acquired Tri State Distribution, which was renamed to Altium Healthcare, and Plastique Micron, which is now known as Altium Packaging Canada, last year.

Altium is expanding its PET bottle production capacity, in sizes from two ounces to five gallons.

In addition, the company has invested in preform tooling to expand Altium’s preform catalogue.

These investments allow it to streamline the internal supply chain, accelerate customer response time and focus on quality.

Altium Healthcare vice-president Ben Woods said: “Altium Healthcare leverages the multiple benefits PET offers and utilises it in a variety of packaging options, including dispensing bottles. PET is lighter than glass, has numerous DMF filings, and does not shatter when dropped.

“PET is the material of choice not just with our pharmaceutical customers but also with many nutraceutical customers, and we plan to greatly expand our offerings in the coming years.”

With 64 packaging plants, Altium offers PET products to various sectors, including pharmaceutical, nutraceutical, personal care, dairy, beverage and more across the US and Canada.

As part of its short and long-term strategies, Altium plans to continue investing in PET assets and capabilities.

Altium Food, Nutrition and Beverage Group senior vice-president and general manager Mark Shafer said: “Our increased investment in PET assets enables us to offer a wider variety of alternatives to better meet various packaging and filling requirements.

“Altium is constantly expanding our capability to better help our customers grow through innovative, cost-effective packaging solutions, and our recent investments in PET assets are consistent with this vision.”

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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