Exopack Holdings Sarl will be the name of a new group of five leading packaging companies in North America and Europe, all members of the Sun Capital Partners portfolio, which will combine to operate as one global packaging entity.
Based in Luxembourg, the new combined business will have 63 plants, 8,650 employees and aggregate revenues of more than US$2.5 billion, making it the sixth-largest plastics packaging company in the world, according to the owners.
Joining Exopack, a US-based producer of flexible paper and plastic packaging, and advanced coatings, will be four leading companies based in Europe: 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; and Paragon Print & Packaging, a leading private label packaging provider in the UK.
The brand names of the five businesses will remain in use.
“This combination represents a natural next step in a process that began eight years ago to create a global packaging company with a solid foundation for future growth,” says Marc Leder, co-CEO of Sun Capital Partners.
“Building on past collaborations between the companies, the combination will immediately achieve synergies and allow the Combined Company to more effectively pursue global business.”
Paccor CEO Dieter Bergner adds: “This combination will enable us to invest more efficiently in the new technologies that will deliver the best packaging solutions to our customers.
“This is vitally important in order to present their products in the most effective and appealing way to drive sales.”
