Danish food industry packaging and tray supplier Faerch Plast (Holstebro; www.faerchplast.com) is to acquire the European food trays business of US protective packaging supplier Sealed Air (Elmwood Park, New Jersey; www.sealedair.com). Financial details of the deal were not disclosed. The business manufactures packaging for fresh meat, salad, fruit and food service. The proposed acquisition comprises manufacturing facilities in Poole / UK and Buñol, Valencia / Spain as well as their associated operating companies and commercial activities. The two sites have an annual revenue of around EUR 47m and a total of 250 employees. Through the deal, Faerch Plast will acquire the established “Cryovac” food-packaging brand.

Faerch Plast president and CEO, Lars Gade Hansen, said: “We are impressed by the extensive product portfolio at Sealed Air Poole and Buñol, and we believe the combination with Færch Plast 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”.

This is the Danish company’s second acquisition this year, six months after the purchase of UK-based Anson Packaging – see Plasteurope.com of 28.04.2015.