Converters carry out essential work in unprecedented times
October 21, 2021
The 2021 Top 25 converters list isn’t so much defined by mergers and acquisitions as it is by persevering and working toward the greater good during trying global times.
Flexible Packaging is back with its annual list of the Top 25 Converters in North America for the year 2020. These rankings are calculated using each company’s revenues for the year 2019.
With strong merger and acquisition activity, 2019 was another year of industry consolidation.
Over the past 10 years, the flexible packaging industry has grown from $26.6 billion to $31.8 billion with a cumulative annual growth rate of 2% per year, according to the FPA.
It takes foresight to know when a company needs to diversify its offerings. In 2012, TC Transcontinental, a Canadian printer began searching for new ways to expand its business.
Once again, Flexible Packaging offers its annual list of the Top 25 Converters in North America for the year 2019. These rankings are based on each company’s revenues for the year 2018. The rankings are scrambled a bit from the previous year, but most companies are familiar figures in this year-to-year feature.
C-P Flexible Packaging has acquired Flexo Transparent, a premier custom plastic manufacturing and printing solutions provider, from ORIX Mezzanine & Private Equity and Sidereal Capital Group.
Amcor Limited and Bemis Company, Inc. have reached more key milestones toward completion of their all-stock transaction with the recent filing of shareholder documentation and finalization of Board of Director and senior leadership appointments. Completion of the transaction is expected by May.
ProAmpac has announced the formation of a cross-functional team dedicated to bringing flexible packaging solutions to home, health and beauty (HHB) markets.
Sigma Plastics Group has ordered its 53rd Windmoeller & Hoelscher blown film machine. The VAREX II line will be installed in Sigma’s ISOFlex Indiana plant in Washington, Indiana – a plant that features all W&H lines and is dedicated to producing high-end film.
TC Transcontinental Packaging is launching one of the first-in-market, 100 percent recyclable, multilayer barrier standup pouches in North America in partnership with Harney & Sons, an American tea company, for its loose tea flexible plastic pouch.