APPE Sale To Plastipak Confirmed
Plastipak Packaging confirms that following the approval granted by the European Commission under the EU Merger Act on June 11th, the sale of…
Plastipak Packaging confirms that following the approval granted by the European Commission under the EU Merger Act on June 11th, the sale of APPE to Plastipak Packaging Inc. has now been completed. APPE is rebranded Plastipak Packaging with immediate effect.
William C. Young, CEO of Plastipak Packaging, stated “Plastipak is pleased to welcome APPE under the banner of Plastipak Packaging. The acquisition will significantly strengthen Plastipak’s position in Europe and provide a solid platform for further growth into surrounding regions. Our competitive advantage includes Packaging Innovation Centers which supply and service our Direct Object Printing systems, ThermoShape and ThermaLite technologies, multi-layer barrier containers and E-Pet with fully integrated handles, to name only a few.” He went on to say, “The combination of the strong leadership teams of both companies, positions Plastipak to be the global leader in rigid packaging, through engaged hearts and minds.”
Martin Hargreaves is appointed Managing Director, Europe which now comprises fifteen (15) production facilities, spanning twelve (12) countries throughout the Europe region. Martin’s leadership has been effective in driving Organizational Capabilities and has navigated APPE through challenging conditions.
Frank Pollock, Plastipak’s President of International Operations and CCO stated “Through combining APPE’s strong technical innovations and the global technology reach of Plastipak, we will better serve our customers’ global product needs and facilitate our expansion into new markets. Our commitment is to bring overall value to our customers through material efficiency, container design, innovative products and unlimited options for the use of recycled products.“