Five in one for packaging

On May 2 five leading packaging companies in North America and Europe announced they intend to combine in order to operate as one leader under the banner of Exopack Holdings, headquartered in Luxembourg. The combined business will have 63 plants, 8,650 employees and aggregate revenues of more than 2.5 billion dollars, making it the sixth largest plastics packaging company in the world.
The new entity is made up of: Exopack, a US-based producer of flexible paper and plastic packaging, and advanced coatings; Britton Group, a flexible plastic packaging manufacturer; Paccor, the second largest rigid plastic packaging company in Europe; Kobusch, a producer of tailor-made flexible and rigid packaging systems; Paragon Print & Packaging, a leader in private label packaging solutions in the UK.
"By joining together to form this new entity, we will be better able to serve the needs of our global customers through a manufacturing base spanning North America, Europe, the Middle East and China", said the new CEO Jack Knott. "The larger scale will enable us to accelerate the development and commercialization of new and differentiated products that offer our customers a competitive advantage."