With a combined legacy spanning more than 150 years, Propelis commences operations with 10,000 employees in 30+ countries, nearly $1 billion in annual sales, and a diverse client base of over 2,000 leading companies.
Imported goods such as specialized aluminum trays, high-grade plastics and gourmet foodstuffs make up 40 percent of typical catering supply budgets, the group notes.
This strategic investment broadens PulPac’s existing group of investors and underscores the confidence both SIG InnoVentures and Optima have in PulPac and its Dry Molded Fiber technology.
Despite the high share of domestic production and sourcing, the recently installed tariffs significantly impact costs for base chemicals, raw materials, equipment parts and supply chain operations.
The International Food Additives Council, New Hampshire-based North Country Smokehouse and the National Alliance for Hispanic Health are among the parties that have weighed in.
The FDA proposed a front-of-package nutrition label for most packaged foods, indicating levels of saturated fat, sodium, and added sugars as "Low," "Med," or "High." Comments are accepted until May 16, 2025. Packaging Strategies will monitor and share various perspectives on the proposal.
Winpak notes that, with the exception of foil-based products, the company's entire product portfolio is presently exempt from tariffs under the United States-Mexico-Canada Agreement (USMCA). Similarly, nearly all raw materials sourced within North America are exempt from tariffs.