US-based Austin Foam Plastics (AFP) has purchased Engineered Packaging’s (EPI) protective packaging division, including the distribution and returnable / consumable lines, for an undisclosed sum.
With the completion of the latest deal, AFP will be able to expand its presence in the US, while EPI will continue to operate its temperature-controlled packaging division.
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AFP emerging business development senior vice-president Greg Peden said: “AFP recognised strong relationships with customers and vendors, overlaps in core competencies, integration of technologies, and expansion of converting capabilities, in a new geography we were not currently serving.”
The company designs protective packaging solutions for manufacturers operating in retail and direct shipping environments.
With five facilities across the US, AFP produces corrugated, foam and moulded pulp solutions.
The family-owned business, the majority of which is owned by women, also has customers across Asia and Mexico.
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By GlobalDataEarlier this month, the company received national certification as a Women's Business Enterprise (WBE) from the Women's Business Council Southwest (WBCS).
