Last week, Faerch Plast announced its arrival in Australia. This week it has announced its acquisition of Anson, a manufacturer of thermoformed packaging solutions.
The acquisition takes place just a year after private equity fund EQT VI, acquired Faerch Plast. That acquisition that has opened a number of opportunities for Faerch Plast internationally through acquisitions and organic growth initiatives, of which its entry into Australia is one.
Anson Packaging designs and manufactures packaging for the food to go, dairy desserts, bakery and convenience sectors. It is known for its innovative design ideas. Its headquarters are in Ely, Cambridgeshire in the UK. It was part of independent packaging group, AVRO Industries, before the acquisition.
“Faerch Plast has the potential to develop further in Europe and even globally. The new ownership has provided us with a platform to take a more aggressive approach to acquisitions. We are therefore delighted that the acquisition is now a reality. With Anson Packaging, we will strengthen the Group’s position as a leader in the production of high performance packaging solutions for ready meals, fresh meat, and cold foods and snacks,” Faerch Plast president & chief executive, Lars Gade Hansen, commented.
“The acquisition of Anson Packaging is the biggest acquisition in the history of Faerch Plast. We have a continuing ambitious growth strategy, where we actively examine possibilities that can complement Faerch Plast in markets, products and factories. If we find attractive opportunities, we are ready.”
The acquisition will give Faerch Plast a broader product range and access to Anson Packaging’s extensive expertise in design and innovation.
Faerch Plast will invest significantly in the production facilities at Anson Packaging over the coming years. A three year investment programme is being introduced, which aims to extend Anson’s production capabilities.
Andrew Osborne-Smith, managing director of Anson Packaging Ltd commented, “Faerch has an enviable reputation for customer focus and manufacturing excellence. This combined with our strength in product design and market position, will enable us to accelerate our growth and deliver more value to our customers and opportunities to our employees. The two businesses are very complementary.”
