Global industrial packaging provider Nefab Group has announced the acquisition of US-based returnable solutions specialist PolyFlex Products.
The companies have not disclosed the financial details of this transaction to the public.
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The deal will help Nefab to further strengthen its market position across the globe while allowing the company to minimise the use of resources in its supply chains.
Meanwhile, PolyFlex can leverage Nefab’s support to invest in its growth and cater to a wider customer base.
Currently, PolyFlex operates from four locations across the mid-US along with its presence in Leon of Guanajuato, Mexico.
For over two decades, the packaging company has been providing engineered returnable plastic solutions to support large customers in the industry.
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By GlobalDataPolyFlex CEO Mark Kirchmer said: “We are honoured to join the Nefab Group and together strengthen their world-leading position in sustainable and innovative packaging and logistic solutions.
“Nefab’s global scale, customer focus, and strong commitment to saving resources resonate very well with our core values, and we look forward to continued growth together.”
PolyFlex’s acquisition, according to Nefab Group, will take its existing annual turnover to approximately SKr10bn ($940m), with more than 4,500 employees located across 35 nations.
Nefab Group president and CEO Per Öhagen said: “Through this strategic acquisition, we further strengthen Nefab’s market position in the Americas and in the important lithium-ion battery (LiB) and e-mobility segments.
“Our strengthened market presence and extended portfolio of innovative and returnable solutions will enable us to serve our customers even better.
“With the acquisition of PolyFlex, we further strengthen our ability to serve global and American customers with comprehensive and sustainable packaging solutions and logistics services that generate both financial and environmental savings.”
Founded by the Nordgren/Phil family and FAM in Sweden, Nefab offers solutions and local services to various industries, including those in the aerospace, datacom, telecom, energy, healthcare, lithium batteries and vehicle sectors.
The company said that over the last few years, it has acquired various thermoforming and sustainable packaging solutions companies to strengthen its global position.
In 2021, Nefab acquired thermoformed cushioning manufacturing company Reflex Packaging.
