"We are excited to join a company focused on creating next-generation solutions for the market and the opportunities this provides Keyes Packaging employees and customer partners," said Kevin Stangeland, CEO. Together with the recently acquired Grupo Phoenix capabilities, our existing Tekni-Plex organization and now with Keyes, we are building a tremendous future for the market, our customers and our employees," Schaffer continued.įinally, the demand for molded fiber packaging products is expected to rise with increasing consumer pressure demand for more environmentally friendly packaging solutions. Looking for Packaging Materials Retail near me in Somerville, NJ Get info about Tekni Plex Co & similar nearby companies offering Packaging Materials. "Adding Keyes to the Tekni-Plex Consumer Products family also gives us a boost in our overall efforts toward providing additional sustainable solutions to our customers. "Keyes brings market intelligence and a deep material science application knowledge to us, as we continue on our journey to becoming more and more proactive for our customers." Tekni-Plex is a globally-integrated company which manufactures innovative packaging materials, medical compounds and precision-crafted medical tubing. "Once again we have added an incredible resource to the Tekni-Plex family," Eldon Schaffer, CEO of Tekni-Plex Consumer Products division. The acquisition strengthens Tekni-Plex's offerings to food and beverage industry customers as the company adds to its tray and flat portfolio. Wrap Pack, located in Yakima, Washington, produces fruit and vegetable specialty-tissue protective wrap for storing and shipping pears, apples and citrus fruit. The company has the largest molded fiber plant on the West Coast, located in North America's largest apple and pear growing regions. Keyes Fibre, also located in Wenatchee, is among a limited number of suppliers that produce molded fiber trays for packaging and shipping apples, avocados, eggs and wine bottles. The company is comprised of two diverse companies: Keyes Fibre and Wrap Pack. Keyes Packaging Group, headquartered in Wenatchee, Washington, is a provider of environmentally-friendly, protective packaging for the food and beverage industry. Tekni-Plex manufactures a diverse range of technically sophisticated and value-added packaging products primarily serving the healthcare, food, and consumer. Also, availability of bio-based products, and ban on non-biodegradable products will affect the market growth.Tekni-Plex has acquired Keyes Packaging Group from Arbor Investments in a deal that will elevate its ability to provide innovative solutions enabling customers to keep their food products fresher, longer. Tekni-Plex develops and manufactures innovative packaging materials, medical compounds and precision-crafted medical tubing solutions. However, increase in environmental concerns regarding being non-degradable is the major restraining factor which is expected to hamper the global foam trays market growth. Moreover, increase in disposable income with high demand for food safety and hygiene will fuel the market growth over the forecast period. Also, increase in demand for polystyrene foam trays will have the positive impact on market growth during this forecast period.įurthermore, low labor cost involved in production which is expected to propel the global foam trays market growth. Increase in demand for foam trays due to its properties like shock resistance, flexibility, and light weight which is expected to boost the global foam trays market growth. These are widely used in various industries including Pharmaceuticals, Food & Beverages, Industrial, and Others. Better durability, strength, density, and temperature resistance are the unique properties of foam trays. These containers can be easily customized in any shape as per requirement. DUBLIN-( BUSINESS WIRE)-The "Global Foam Trays Market to 2027" report has been added to 's offering.įoam trays are disposable containers which are used in food & beverages industry. Tekni-Plex is a leading manufacturer of: Diptubing for aerosols and spraying pumps Rubber & plastic sealing gaskets for valves and spraying pumps Rubber.
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