Sealed Air Corporation has taken over AFP, Inc., Texas to further expand its solutions portfolio and design capabilities. AFP is a leading privately held fabricator of foam, corrugated, molded pulp and wood packaging solutions. The takeover is closed on August 1, 2018.
AFP, founded in 1978, has its headquarters in Pflugerville, Texas, US. The company specializes in custom-engineered protective packaging for retail, e-commerce, and direct shipping applications. The company will allow Sealed Air to improve its position in fabricated foam innovations such as EcoPure, which is a sustainable solution made from plant-based resin. AFP operates six facilities across the U.S. along with its operations in Asia and Mexico. The company’s net sales revenue was $125 million in the year 2017.
Kenneth P. Chrisman, President of Sealed Air’s Product Care division, said, “With the acquisition of AFP, coupled with our 2017 acquisition of Fagerdala, Sealed Air will further expand its capability to provide fabricated designs directly to customers in markets such as electronics and transportation.
Sealed Air will also continue to leverage its established network of strategic fabricator partners, which remains an integral part of the company’s strategy to deliver custom high-performance, sustainable packaging solutions.”
Sealed Air Corporation, a knowledge-based company focused on packaging solutions, helps its customers to achieve their sustainability goals in the present day challenging environment of the social and environmental sustainability.
The company has a portfolio of highly recognized brands that include Cryovac brand food packaging solutions and Bubble Wrap brand cushioning. Sealed Air Corporation offers a safer and less wasteful food supply chain and protects valuable goods shipped around the world. Sealed Air with its operations spread over in 122 countries generated $4.5 billion in sales in 2017.