Atlantic Packaging Products, Ltd., of Scarborough, Ontario, Canada, is pleased to announce the formation of a strategic partnership with York Container Company (YCC) of York, Pennsylvania. Details and terms of this partnership are not being disclosed. Stephen Tansey, President and representative of YCC's shareholders, commented "York Container is committed to growth and providing innovative solutions to our customers. We have enjoyed robust growth over the past several years, but we believe that in order to take our plans to the next level we need to partner with a like-minded company to expand geographically and extend our capabilities to a broader customer base. After an evaluation of our various options, we are thrilled to join forces with Atlantic. This is the best possible outcome for all of our stakeholders, in particular, our customers and employees." Irving Granovsky, Chairman of Atlantic Packaging, describes the rationale for this transaction: "Atlantic is always looking for progressive and well-managed companies to team up with. We feel York Container is a wonderful addition to our partnership portfolio." Click Read More below for additional detail.
Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, has announced the first batch of recipients for its ground-breaking Amcor Lift-Off seed funding initiative. Launched in April, Amcor Lift-Off targets breakthrough, state-of-the-art technologies that will further advance Amcor’s initiatives to make the future of packaging more sustainable.
Following multiple pitch rounds, the winners of the initial Lift-Off program are:
• Bloom Biorenewables Ltd: A chemical and biomaterials company, which converts plant waste into chemicals used in packaging; and
• Nfinite Nanotechnology: An advanced materials company, which leverages smart nanocoatings to make packaging recyclable and compostable.
Each company will receive investments of US $250,000 and access to Amcor’s best-in-class research and development resources.
Frank Lehmann, Vice President, Corporate Venturing and Open Innovation at Amcor, said: “Amcor is continuously reimagining what is possible for packaging and our aim is to drive sustainability through unrelenting innovation. These initial investments are just the start, as Amcor will continue to invest in market disruptors and ways to elevate expectations for our industry.
more at: https://www.amcor.com/media/news/amcor-reveals-lift-off-winners-with-investments-in-packaging