Packaging producer Sealed Air acquired AFP
Through this new acquisition, the company has expanded its solutions portfolio and design capabilities. Sealed Air will also be able to better position its fabricated foam innovations such as EcoPure, a sustainable solution made from plant-based resin.
“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,” said Kenneth P. Chrisman, President of Sealed Air’s Product Care division. “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.”
AFP is headquartered in Pflugerville, Texas, and specializes in custom-engineered protective packaging for retail, e-commerce and direct shipping applications. The company had net sales of $125 million in 2017 and it operates six facilities across the US with further presence in Asia and Mexico. AFP has 260 employees.
Sealed Air generated $4.5 billion in sales in 2017 and has approximately 15,000 employees who serve customers in 122 countries.
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