SEE acquires Foxpak | business thread
CHARLOTTE, North Carolina–(BUSINESS WIRE)–SEE (NYSE: SEE) announced the acquisition of Foxpak Flexibles Ltd. (Foxpak) under SEE Ventures, its initiative to invest in disruptive technologies and business models to accelerate growth.
Foxpak, a private Irish packaging solutions company, pioneered the development of digital printing on flexible packaging. Foxpak partners with leading brands to provide highly decorated packaging solutions; stand-up and spout pouches, and pouches that serve a variety of markets, including food retail, pet food, seafood and snacks.
Foxpak leveraged digital printing capabilities to print directly onto their flexible packaging materials to reinforce their customers’ brands. Their solutions can be quickly scaled up or down to meet the production requirements of customers of all sizes.
“Foxpak will leverage our digital packaging solutions where graphic design and digital printing are key areas of value creation. Foxpak is recognized as a pioneer in customer-centric digital printing,” said Ted Doheny, President and CEO of SEE. “Together, we will accelerate our digital future with innovations in smart packaging for leading brands around the world. »
Founded in 2001, Foxpak is based in Collon, Ireland and employs 33 people, serving brands in over 30 countries.
Terms of the agreement were not disclosed as this transaction is not material to SEE’s financial results.
Sealed Air (NYSE: SEE) is on a mission to protect, solve critical packaging issues, and make our world better than we found it. Our automated packaging solution systems create a safer, more resilient and less wasteful global food supply chain, enable e-commerce and protect goods transported around the world.
Our globally recognized brands include CRYOVAC® branded food packaging, SEALED AIR® brand protective packaging, AUTOBAG® brand automated systems, BUBBLE WRAP® branded packaging and SEE™ Touchless™ Automation Solutions.
SEE’s operating model, along with our industry-leading expertise in materials, engineering and technology, creates value through more sustainable, automated and digitally connected packaging solutions.
We lead the packaging industry to create a more environmentally, socially and economically sustainable future and are committed to designing or advancing 100% of our packaging materials to be recyclable or reusable by 2025, and a bolder goal to achieve net zero carbon emissions in our global operations by 2040. Our Global Impact Report highlights how we are shaping the future of the packaging industry. We are also committed to a diverse workforce and inclusive culture through our 2025 Diversity, Equity and Inclusion Pledge.
SEE generated $4.9 billion in sales in 2020 and has approximately 16,500 employees serving customers in 117 countries/territories. To learn more, visit sealair.com.
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