January 8, 2016 Updated 1/8/2016
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The first of the year saw Storopack Hans Reichenecker GmbH close two deals that help the German-based company muscle up its loose-fill packaging business in the United States and Canada.
Storopack acquired assets from both Sealed Air Corp. of Charlotte, N.C., and Cpi Packaging Inc. of Somerset, N.J., the Metzingen, Germany-based company said.
Storopack takes control of Sealed Air’s businesses in expanded polystyrene and bioresin loose fill as well as cushion-bags. The company also is acquiring Cpi’s business in EPS, bio-based loose fill and bubble products.
Loose fill and bubble products will be integrated into Storopack’s current production network in the United States.
“Both acquisitions increase Storopack’s loose-fill business in North America and strengthen the company both strategically and operationally in a challenging protective packaging market segment,” said Daniel Wachter, president of Storopack North America in a statement.
His company has 18 production plants and warehouses in the United States and Canada. U.S. headquarters are based in Cincinnati, and the company has been in the country since 1978.
Storopack said the company “has initiated strategic, targeted regional expansion, with a number of acquisitions and partnerships” over the years.
“Both acquisitions significantly enhance Storopack’s commitment to Loose Fill as one of its core product offerings,” the company said.
