Plastipak has completed its buyout of APPE following approval granted by the European Commission under the EU Merger Act.
Image credit APPE via Twitter.
Plastipak
APPE has now been rebranded Plastipak Packaging with immediate effect.
William Young, CEO of Plastipak Packaging, said: "Plastipak is pleased to welcome APPE under the banner of Plastipak Packaging. The acquisition will significantly strengthen Plastipak’s position in Europe and provide a solid platform for further growth into surrounding regions.
"Our competitive advantage includes Packaging Innovation Centers which supply and service our Direct Object Printing systems, ThermoShape and ThermaLite technologies, multi-layer barrier containers and E-Pet with fully integrated handles, to name only a few."
"The combination of the strong leadership teams of both companies, positions Plastipak to be the global leader in rigid packaging, through engaged hearts and minds," he concluded.
Martin Hargreaves has been appointed Managing Director, Europe which now comprises 15 production facilities, spanning 12 countries throughout the Europe region.
Frank Pollock, Plastipak’s President of International Operations and CCO, said: "Through combining APPE’s strong technical innovations and the global technology reach of Plastipak, we will better serve our customers’ global product needs and facilitate our expansion into new markets. Our commitment is to bring overall value to our customers through material efficiency, container design, innovative products and unlimited options for the use of recycled products.
"We wish to thank our customers as well as the APPE and Plastipak management teams who have worked so hard to make our two companies become one."
