FAERCH
Acquisition of MCP Performance Plastic / Expansion into US market
rPET food trays (Photo: MCP)
Faerch (Holstebro / Denmark; www.faerch.com) is planning to acquire PET and polypropylene food tray manufacturer MCP Performance Plastic (Kibbutz Hamaapil / Israel; www.mcp.co.il) for an undisclosed sum. In addition to the MCP headquarters in Israel, the deal also includes a production unit in Portage in the US state of Indiana, thus providing entry into the North American market. “MCP gives Faerch a steppingstone into the important US market, with an estimated volume of USD 55 bn (EUR 47 bn),” says Faerch CEO Lars Gade Hansen. The Danes are especially intending to score points on the other side of the Atlantic with sustainable packaging containing recyclate. Both Faerch and MCP have rPET trays in their product ranges.

The transaction is to be completed over the next three months. For the Holstebro-based company, this marks the first acquisition under the auspices of new owner A.P. Møller Holding (see Plasteurope.com of 16.12.2020). The acquisition is boosting the Faerch workforce by 200. The Danish company currently has 2,200 employees across Europe in its 16 plants in the Czech Republic, Denmark, France, Italy, the Netherlands, Poland, Spain and the UK.
28.07.2021 Plasteurope.com [248149-0]
Published on 28.07.2021
Faerch: Eintritt in den US-Markt durch MCP-ÜbernahmeGerman version of this article...

© 2001-2021 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2021 by Plasteurope.com, Bad Homburg
Date of print: 20.09.2021 18:48:57   (Ref: 54814325)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp