Berry Global Group, Inc. announced its investment of over $70 million in its United States wipe substrate capabilities. The investment includes a new line, producing additional capacity, and enabling the Company to better serve its global customers as well as support the continuing growth of its business. Berry provides many of the world’s leading brands with wipe materials for infection prevention. Prior to the demand surge of 2020, the impregnated wet wipes segment, specific for home cleaning and disinfecting, was growing at six percent in the 2014 to 2019 time frame. Amplified by COVID-19 prevention, the demand for disinfectant wipes is expected to have permanently shifted to its current, increased use. Berry will add to its broad scope and scale by installing the line in the United States. This investment is complementary to Berry’s existing portfolio and features the Company’s proprietary Spinlace® technology. The U.S. investment has a targeted commercialization date of the March quarter 2023.
Austin Foam Plastics, Inc. (AFP, Inc.), a leading provider of integrated engineered packaging solutions, announces its acquisition of Springfield, MO’s Engineered Packaging Inc.’s (EPI) protective packaging division. Over a 26 year period, EPI, which is owned and led by Mr. Jim Stout, successfully built a strong business in the custom engineered packaging space by creating a customer-centric culture. AFP will continue to stay aligned with Mr. Stout as he begins to explore his retirement.
As a result of the acquisition, AFP strengthens its ability to serve existing customers in the Midwest and is strategically positioned for growth.
Greg Peden, Senior VP Emerging Business Development, says, “AFP recognized strong relationships with customers and vendors, overlaps in core competencies, integration of technologies, and expansion of converting capabilities, in a new geography we were not currently serving.”
EPI will continue to operate their Temperature Controlled Packaging Division and AFP will assume the protective packaging, distribution and returnable/consumable lines of business. AFP looks forward to serving product manufacturer’s packaging needs and growing customer relationships in the greater Midwest.