5 八月, 23:45
API Group has completed the acquisition of Hazen Paper Company’s Paperboard Lamination facilities and business in Osgood, Indiana, as the company said in the press release received by Lesprom Network.
Founded in 1925, Hazen Paper Company is a paper converter based in Holyoke, Massachusetts and following the divestment of its Osgood plant, Hazen Paper will concentrate on its core business of custom holography and specialist paper converting in its Massachusetts facilities.
“The acquisition is part of our strategy to focus on brand enhancement solutions for the packaging market and it enables us to provide a combined foils and laminate offering to our global customers” said Dino Kiriakopoulos, CEO of the API Group. “The addition of an established US Lamination business with a pedigree in key sectors is very welcome. We have a strong track record of innovation, technical excellence and continuous improvement and we look forward to realizing the synergies this acquisition presents.”
“The business includes commercial and production assets of the Osgood based Lamination facility, along with employees who will transfer to API immediately” Dino added.