Bemis agrees to sell WI, OK facilities to Exopack for $81 million
The flexible-packaging converting giant signs a definitive agreement to sell its Menasha, WI, and Catoosa (Tulsa), OK, plants to Exopack Holding Corp. Under US court order, Bemis was required to divest the two facilities, which were part of its Alcan Packaging Food Americas acquisition.
“This purchase of the Menasha and Tulsa facilities reflects our commitment to our customers…that we will continue to expand our capabilities and product offerings and strengthen the presence of the Exopack brand in the global marketplace,” said Exopack chairman/CEO Jack Knott. The two facilities convert plastic packaging for retail natural cheese and shrink bags for fresh red meat.
Supermarket/grocery prepared foods sales to hit $14 billion in 2011
The Great Recession may mean fewer people are dining out, but that’s good news for sales of supermarket and grocery-store prepared foods, says a new report by Packaged Facts. About 50% of respondent restaurant goers say they are more likely to eat dinner at home compared to “three months ago.” Further, 64% of adult consumers have purchased ready-to-eat/heat-and-eat food from a grocery store or supermarket in the last month.
Packaged Facts forecasts supermarket/grocery prepared foods will achieve sales of $13 billion and $14 billion in 2010 and 2011 respectively, due to growth of 7% during both years. (Converters of foodservice packaging, take note: If you’re not already marketing a line of products for this venue, time’s a-wasting. –CC) More info
Phoseon Technology joins SGP as Gold Patron
The Sustainable Green Printing Partnership welcomes Phoseon Technology as its newest Gold Patron. The supplier joins a growing number of companies that support the transition to sustainable business practices for the graphic communication industry. Phoseon Technology provides clean-energy, UV-LED lamps and systems for the drying and curing of printing inks.