M&A Deal Summary

Sealed Air Acquires AFP

On August 2, 2018, Sealed Air acquired packaging company AFP

Acquisition Highlights
  • This is Sealed Air’s 5th transaction in the Packaging sector.
  • This is Sealed Air’s 7th transaction in the United States.
  • This is Sealed Air’s 1st transaction in Texas.

M&A Deal Summary
Date 2018-08-02
Target AFP
Sector Packaging
Buyer(s) Sealed Air
Deal Type Add-on Acquisition

Target

AFP

Pflugerville, Texas, United States
AFP, Inc. is a fabricator of foam, corrugated, molded pulp and wood packaging solutions. AFP specializes in custom-engineered protective packaging for retail, e-commerce and direct shipping applications.

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Buyer(S) 1

Buyer

Sealed Air

Charlotte, North Carolina, United States
Category Company
Founded 1960
Sector Packaging
Employees17,000
Revenue 5.5B USD (2023)
DESCRIPTION
Entrance to Sealed Air's corporate headquarters in Charlotte, North Carolina.
Entrance to Sealed Air's corporate headquarters in Charlotte, North Carolina.

Sealed Air is a provider of food safety and security, facility hygiene and product protection. Sealed Air serves an array of end markets including food and beverage processing, food service, retail, healthcare and industrial, and commercial and consumer applications. Sealed Air was formed in 1960 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 15 of 19
Sector (Packaging) 5 of 9
Type (Add-on Acquisition) 11 of 14
State (Texas) 1 of 1
Country (United States) 7 of 9
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 Fagerdala Singapore Pte

Singapore, Singapore

Fagerdala Singapore Pte Ltd. is a foam manufacturing and fabrication, and commercial organization to grow sales in the consumer electronics, medical equipment and devices, automotive, temperature assurance, and e-commerce fulfillment sectors.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 MGM Food and Commodities - Flexible Packaging Business

Mandaluyong City, Philippines

MGM Food and Commodities Corp. - Flexible Packaging Business converts and trades specialized quality flexible packaging materials. These include laminated vacuum bags, co-extruded shrink, and non-shrink vacuum bags. Cook-in and ship-in casings, laminates of standard, medium and high barrier properties, thermoformable films (top and bottom web), stand up pouches, grease proof papers and other specialized packaging materials customized to meet customer’s specific requirements It also trades specialized flexible packaging materials and packaging aids.

Buy -
Mergr

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