New trends in pharma packaging are closely related to developments in emerging markets, demographic changes and new technologies. Emerging countries influence the worldwide pharmaceutical market in many aspects. As the population is getting older, densely populated countries such as China and India extend the access to healthcare system to a larger number of people. Generics are on the rise here, as they are more affordable and also due to the expiry of big pharma patents. Populations are aging at an even faster rate in emerging countries than in developed countries. WHO estimates that between 2010 and 2050, the number of older people in less developed countries is projected to increase more than 250%, compared with a 71% increase in developed countries. As life expectancy improves, healthcare professionals have to deal with increased number of chronic illnesses affecting people at an older age, and are non-communicable, such as dementia, cancer, arthritis. Click Read More below for additional detail.
KapStone Paper and Packaging Corporation (NYSE: KS) today announced that it has completed the acquisition of the assets of Associated Packaging, Inc. and Fast Pak, LLC (together, API). API is headquartered in Greer, South Carolina and has 77 employees.
API provides corrugated packaging and digital production needs serving a diverse customer base including an emphasis on fulfillment and kitting for the Automotive and Consumer Products Industries.
President and Chief Executive Officer, Matthew Kaplan, states: “The acquisition of API further enhances KapStone’s footprint in the strategic Southeast market. The acquisition strengthens our goal of increasing integration, providing additional internal opportunities for our overall business. We believe API brings immediate value to our overall business strategy.”
Scott and Brad Dorris, Co-Owners of API, add: “API is pleased to become a part of the KapStone family. KapStone’s emphasis on innovation, quality and service as well as their Think Big, Act Small philosophy aligns perfectly with the values of API. We look forward to growing our business in the Southeast market and leveraging our relationships with existing national customers to grow national accounts for KapStone.”