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May 12, 2021

C-P invests in converting lines for premade poly bags

Three converting lines will be added to C-P Flexible Packaging’s Buffalo facility in New York to support its premade bag business growth.

US-based packaging company C-P Flexible Packaging has made a multi-million-dollar investment in technology to expand its premade polyethylene (PE) bag manufacturing capabilities.

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The company has acquired three advanced converting lines from bag converting equipment manufacturer Hudson-Sharp.

The high-speed Hudson-Sharp machines have been installed at its facility in Buffalo, New York.

The equipment is designed to offer improved automation, rapid changeovers and better efficiencies while enhancing workflow, quality and data collection.

It is intended to help C-P meet the demand for different bag formats in various sectors, including food, healthcare and industrial applications.

C-P Flexible Packaging CEO Mike Hoffman said: “Due to the growth of our premade bag business, we are excited to make this investment in state-of-the-art technology that will enable us to continue to meet short lead times and just-in-time service.

“We understand that our customers have seen a shift in consumer demand over the past year and we are ready to support their growth initiatives.

“C-P continues to strategically expand its product portfolio and will invest in new technologies that provide innovative solutions for our customers and best-in-class quality.

“Developing new packaging structures that can be recycled, or that incorporate recycled content, will remain key areas of focus.”

Based in York, Pennsylvania, C-P Flexible Packaging manufactures roll stock, premade pouches, resealable packaging and shrink sleeves.

Last June, the company acquired North American compostable packaging solution provider Genpak Flexible from The Jim Pattison Group for an undisclosed sum.

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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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