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M&A Deal Summary

Sealed Air Acquires MGM Food and Commodities - Flexible Packaging Business

On February 11, 2019, Sealed Air acquired packaging company MGM Food and Commodities - Flexible Packaging Business from MGM Food and Commodities

Acquisition Highlights
  • This is Sealed Air’s 6th transaction in the Packaging sector.
  • This is Sealed Air’s 1st transaction in Philippines.

M&A Deal Summary
Date 2019-02-11
Target MGM Food and Commodities - Flexible Packaging Business
Sector Packaging
Buyer(s) Sealed Air
Sellers(s) MGM Food and Commodities
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Sealed Air

Charlotte, North Carolina, United States
Category Company
Founded 1960
Sector Packaging
Employees16,400
Revenue 5.4B USD (2024)
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 16 of 19
Sector: Packaging M&A 6 of 9
Type: Divestiture M&A Deals 4 of 4
Country: Philippines M&A 1 of 1
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Automated Packaging Systems

Streetsboro, Ohio, United States

Automated Packaging Systems, Inc. is a provider of reliability bagging systems. Automated Packaging Systems designs and manufactures original Autobag, AirPouch and SidePouch systems and products. Automated Packaging Systems offers a complete line of baggers, void-fill and protective packaging systems, stretch sleeve labels, thermal transfer imprinters, counters, scales, and specialty packaging materials. Automated Packaging Systems, Inc. was founded in 1962 and is based in Streetsboro, Ohio.

Buy $510M

Seller(S) 1

SELLER

MGM Food and Commodities

Mandaluyong City, Philippines
Category Company
Founded 1982
Sector Packaging
DESCRIPTION

MGM Food and Commodities Corp. specializes in printing and laminating and provides flexible food packaging materials for consumer packaged goods markets in Southeast Asia. The company also exports to and supports companies in Australia, Brunei Darussalam, and New Zealand.

DEAL STATS #
Overall 1 of 1
Sector: Packaging M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Philippines M&A 1 of 1
Year: 2019 M&A 1 of 1
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