Pioneer in Digital and Graphics Packaging
Wednesday, February 2, 2022
CHARLOTTE, N.C. — SEE (NYSE: SEE) has announced the acquisition of Foxpak Flexibles Ltd. (Foxpak) under SEE Ventures, its initiative for investing in disruptive technologies and business models to accelerate growth.
Foxpak, a privately-owned Irish packaging solutions company, pioneered the development of digital printing on flexible packaging. Foxpak partners with leading brands to deliver highly decorated packaging solutions; stand-up and spout pouches, and sachets that serve a variety of markets including food retail, pet food, seafood, and snacks.
Foxpak has leveraged digital printing capabilities to print directly on its flexible packaging materials to empower their customers’ brands. Their solutions can be quickly scaled up or down to meet the production requirements for customers of any size.
“Foxpak will build on our digital packaging solutions where graphic design and digital printing are key areas of value creation. Foxpak is recognized as a customer-centric, digital printing pioneer,” said Ted Doheny, President and CEO at SEE. “Together we will accelerate our digital future with innovations in smart packaging for leading brands around the world.”
Established in 2001, Foxpak is located in Collon, Ireland and employs 33 people, serving brands in more than 30 countries.
Terms of the deal have not been disclosed given this transaction is not material to SEE’s financial results.
Sealed Air (NYSE: SEE) is in business to protect, to solve critical packaging challenges, and to make our world better than we found it. Our automated packaging solutions systems create a safer, more resilient and less wasteful global food supply chain, enable e-commerce, and protect goods transported worldwide.
Our globally recognized brands include CRYOVAC® brand food packaging, SEALED AIR® brand protective packaging, AUTOBAG® brand automated systems, BUBBLE WRAP® brand packaging, and SEE™ Touchless Automation™ solutions.
SEE’s Operating Model, along with our industry-leading expertise in materials, engineering and technology, create value through more sustainable, automated, and digitally connected packaging solutions.
We are leading the packaging industry to create a more environmentally, socially, and economically sustainable future and have pledged to design or advance 100% of our packaging materials to be recyclable or reusable by 2025, and a bolder goal to reach net-zero carbon emissions in our global operations by 2040. Our Global Impact Report highlights how we are shaping the future of the packaging industry. We are also committed to a diverse workforce and inclusive culture through our 2025 Diversity, Equity and Inclusion pledge.
SEE generated $4.9 billion in sales in 2020 and has approximately 16,500 employees who serve customers in 117 countries/territories.
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