Leading European supplier of trays for the food industry, Faerch A/S, with headquarters in Holstebro, Denmark, has further strengthened its position as a significant supplier to the expanding global food industry with the agreed acquisition of Sealed Air’s Food Trays Business in Europe, closing expected by November 1st 2015.
Sealed Air is one of the world’s leading manufacturers of food, protective and speciality packaging materials. The company’s Food Trays Business manufactures high quality packaging solutions for fresh meat, salad, fruit and food service. The acquisition comprises the activities of the Poole (UK) and Buñol based (Spain) manufacturing sites of Sealed Air Ltd and Sealed Air Buñol S.L.U., as well as associated commercial activities.
For more than 50 years, Sealed Air has supplied innovative food packaging solutions worldwide, particularly within the fresh meat and skin pack sector. In combination with Faerch’s position as a leading European producer of packaging trays for the food industry, the acquisition provides the Holstebro-based company with the opportunity to offer its customers a stronger and wider product portfolio and to service customers on an even larger geographical scale with the addition of the Buñol-based factory in Spain.
“We are impressed by the extensive product portfolio at Sealed Air Poole and Buñol, and we believe the combination with Faerch to be an excellent opportunity for both parties, providing an even stronger foundation to deliver a broad, high quality product range to our customers. The reputation and image of Sealed Air’s European tray activities are impressive”, says Faerch President & CEO, Lars Gade Hansen.
This is the second acquisition that Faerch concludes in 2015 and is to be finalized only six months after the purchase of UK based Anson Packaging Ltd.
“In recent years Faerch has been delivering an organic growth above market level as a result of our strategy of continuous product and technology innovation. Being majority owned by the private equity fund EQT VI has enabled us to take a more offensive approach and further develop Faerch by acquisitions. The two acquisitions are vital for further strengthening our position as a leader in the production of high performance packaging solutions. Anson Packaging and Sealed Air are strong performing companies with leading positions in their respective segments, namely Cold Food & Snacks and Fresh Meat. Together with our market leading position in Ready Meals, and the extended footprint in southern Europe, the consolidation will create a very strong portfolio covering our market across Europe”, says Faerch President & CEO, Lars Gade Hansen.
Jonathon Durnford, Vice President at Sealed Air Food Care Europe states: “Sealed Air is committed to working with Faerch to ensure that our customers have the best in class range of trays and lidding films. In the near future, we look forward to expanding our portfolio to include ovenable and retort film solutions. We will work closely with Faerch during the transition so that it can continue to maintain quality and supply standards, while Sealed Air continues to innovate for a broader market offering in future years.
The two manufacturing sites in Poole and Buñol has a combined annual revenue of DKK ~350 million and ~250 employees.
For more information, please contact:
|Faerch A/S||Faerch A/S|
|Lars Gade Hansen, President & CEO||Charlotte R. Neuert, Team Leader Marketing|
|Tel. +45 99 10 10 00||Tel. +45 99 10 10 38|
Faerch was founded in 1969 and today holds a position as a European market leader in innovative tray solutions for the food industry. The well-consolidated company has specialised in innovative and optimised tray solutions for ready meals, fresh meat and cold foods and snacks. The packaging is provided in a wide assortment of materials: CPET, APET, PP, MAPET® II and AMPET®. The company's headquarters is located in Holstebro, Denmark, and it employs ~900 people spread across four production sites in Denmark, the UK and the Czech Republic, and multiple sales offices covering all of Europe. Since 2014, Faerch A/S has been part of the private equity fund EQT VI that has and continues to significantly invest in Faerch’s growth.