US-based packaging firm Sealed Air has acquired custom engineered packaging solutions provider AFP to expand its solutions portfolio and design capabilities.
Founded in 1978, AFP is a fabricator of foam, corrugated, moulded pulp and wood packaging solutions.
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The company is engaged in designing and manufacturing protective packaging for product manufacturers in the retail, e-commerce and direct shipping space.
Last year, AFP generated $125m in net sales. The company currently employs 260 workers and operates six facilities across the US, as well as further facilities in Asia and Mexico.
The acquisition will enable Sealed Air to better position its fabricated foam innovations such as EcoPure, which is made from plant-based resin.
Sealed Air Product Care division president Kenneth Chrisman said: “With the acquisition of AFP, coupled with our 2017 acquisition of Fagerdala, Sealed Air will further expand its capability to provide fabricated designs directly to customers in markets such as electronics and transportation.
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By GlobalData“Sealed Air will also continue to leverage its established network of strategic fabricator partners, which remains an integral part of the company’s strategy to deliver custom high-performance, sustainable packaging solutions.”
Sealed Air is focused on developing sustainable packaging solutions for its customers.
The company’s portfolio includes Cryovac brand food packaging solutions and Bubble Wrap brand cushioning, which are intended to ensure less wasteful food supply chain and to protect goods shipped around the world.
In June this year, the company signed an agreement with Kuraray America to offer materials derived from its Plantic bio-based resins for packaging perishable foods such as poultry, beef and seafood in the US, Canada and Mexico.
