Graham Partners has purchased Berry Global Group’s flexible packaging converting business, according to news release from Graham.
The acquisition includes six printing and laminating flexible packaging facilities, formerly a part of Berry Global’s North American extrusion, converting and coating business. The business will be combined with Graham Partners’ flexible packaging portfolio company, Advanced Barrier Extrusions (ABX), which Graham Partners initially acquired in August 2018, the company reported.
The business will operate under the ABX name going forward. ABX is the beneficiary of several consumer megatrends that are driving growth, including a shift in preference toward clean labels, convenience, on-the-go lifestyles, increased spending on fresh foods, heightened focus on food safety, sustainability, and brand / SKU proliferation, the company said.
Headquartered in Charlotte, NC, and with eight manufacturing facilities, ABX produces co-extruded high barrier films of as many as 11 layers; up to 12 color narrow and wide web flexographic printed rollstock, bags, and pouches; and solvent and solvent-less laminations. ABX said its packaging solutions are used in a wide variety of food and healthcare packaging applications.
Graham is based in Pennsylvania. Berry Global is traded on the NYSE under BERY.