Recent global acquisitions has led a European market leader to create a new entry in the US food packaging market. AP Maller Holdings acquired the Faerch Group late 2020, and under that ownership, the Faerch Group made their first acquisition of MCP Performance Plastics in August 2021. These recent transactions are a part of Faerch Group’s long-term growth strategy to lead the transition of food packaging towards a true global, ‘circular economy’.
MCP Performance Plastics employs 200 people and has two production sites in the US and Israel, offering a large range of food trays made from CPET, APET and PP. MCP USA, MCP Performance Plastics’ North American division is headquartered in Portage, IN near the Chicago hub. Today, MCP USA’s production is at its highest levels in it’s young history. But that’s not all, forecasts before the acquisition show a 20% capacity increase as well as the exciting opportunity to create 35+ more jobs. This truly is an important advance that represents Faerch’s first entry into the US Market, which is estimated to account for $55 billion.
FOREFRONT OF CHANGE
“Our circular solutions will complement MCP’s product range, setting us jointly at the forefront of making food packaging circular also beyond Europe”, Lars Gade Hansen, CEO of Faerch Group said. The Faerch Group suggests that in a ‘circular economy’, food packaging is made from recycled content and recycled back into new food packaging in an endless number of cycles. “MCP will serve as a stepping stone for Faerch entering the important US market.” Hansen added.
MORE CUSTOMER VALUE
It seems that the potential of this new venture is two-fold. First, US customers will gain more value and second, US market will experience fresh packaging leadership & innovation. Faerch Group, the leading European supplier of sustainable rigid packaging solutions for the food industry, is the world’s first integrated tray recycler. Natan Vilner, CEO of MCP shares his enthusiasm, “We are very much looking forward to joining forces with Faerch, allowing us to enhance our product offering further and support our customers on their journey towards sustainable food packaging. With the new ownership by Faerch, we gain access to fully new capabilities helping us meet the rapidly surging demand for truly circular packaging solutions.” Faerch CEO, Lars Gade Hansen, expounds on the impact, “Being local will allow us to support the retailers, brand owners and food manufactures in making the right material choice for true circularity in the US food packaging market.”