CHARLOTTE, NC—Sealed Air has announced the acquisition of Foxpak Flexibles Ltd (Foxpak) under SEE Ventures, its initiative for investing in disruptive technologies and business models to accelerate growth.
Foxpak, a privately-owned Irish packaging solutions company, pioneered the development of digital printing on flexible packaging. Foxpak partners with leading brands to deliver highly decorated packaging solutions; standup and spout pouches, and sachets that serve a variety of markets including food retail, pet food, seafood and snacks.
Foxpak has leveraged digital printing capabilities to print directly on its flexible packaging materials to empower its customers’ brands. Its solutions can be quickly scaled up or down to meet the production requirements for customers of any size.
“Foxpak will build on our digital packaging solutions where graphic design and digital printing are key areas of value creation. Foxpak is recognized as a customer-centric, digital printing pioneer,” said Ted Doheny, president and CEO at SEE. “Together we will accelerate our digital future with innovations in smart packaging for leading brands around the world.”
Established in 2001, Foxpak is located in Collon, Ireland and employs 33 people, serving brands in more than 30 countries.
Terms of the deal have not been disclosed given this transaction is not material to SEE’s financial results.