 Sonoco, one of the largest diversified global packaging companies, has completed the acquisition of Associated Packaging Technologies, Inc. (APT), North America's largest manufacturer and supplier of Crystallised Polyethylene Terepthalate (CPET) containers to the frozen food industry, announced Harris E. DeLoach Jr., Chairman, President and Chief Executive Officer of Sonoco.Founded in 1993, APT is a leading provider of dual-ovenable, food packaging, serving the frozen food industry in North America, Europe, Australia and New Zealand. The Company operates four state-of-the-art CPET thermoforming manufacturing facilities and manufactures approximately 3 billion CPET containers annually. APT has monolayer and multilayer barrier polypropylene container capabilities and is also a pioneer in the development of recycled PET (RePET) frozen food trays. ‘With this acquisition, Sonoco has significantly expanded its existing thermoforming plastic container capabilities into the growing global frozen, chilled and ready-to-eat food markets,’ said DeLoach. ‘While APT is today the leading global supplier of CPET containers, we believe its proprietary material formulations and rotary thermoforming technology provide a strong platform for significant product development and growth. In addition, this acquisition will help accelerate Sonoco's current development of multilayer barrier polypropylene food containers.’ |
