Tekni-Plex acquires assets of Fibro Corporation

Tekni-Plex has acquired assets and licensed technologies of Fibro Corporation, a Tacoma, Washington-based company that develops and manufactures innovative molded-fiber packaging. The transaction strategically expands Tekni-Plex's materials science solutions in the fresh food marketplace to include a broader range of sustainable, pulp-based packaging solutions.

These new resources will become part of Tekni-Plex's Dolco Packaging business effective January 18, 2022, positioning the company as the only U.S. supplier of egg cartons manufactured in foam polystyrene, PET, and pulp-based materials. The move also will allow Dolco to expand product offerings beyond its primary focus on egg cartons and meat trays.

"The Fibro transaction aligns well with Tekni-Plex's existing Dolco Packaging business, and will enable us to create a range of best-in-class sustainable solutions while delivering added customer value," said Jay Arnold, Tekni-Plex senior vice president and general manager, Dolco Packaging. "Our intention is to invest further in this innovative technology platform as we scale up, increase capacity, and expand our product lines to bring superior solutions to the broader fresh foods landscape."

Fibro's advanced pulp technologies are the driver behind a revolutionary, smooth-finish, fiber-based egg carton that allows for easier and more precise package printing, improved product protection, and more streamlined packaging line operation. Its acquisition furthers Tekni-Plex's goal of achieving sustainability-minded, material agnosticism across a broad spectrum of packaging solutions. Combined with its recent acquisitions of Keyes Packaging Group and Grupo Phoenix, Tekni-Plex has significantly strengthened its fiber and paper capabilities and increased its ability to provide innovative ways to better protect products, strengthen brands, and innovate sustainably.

"With these acquisitions, we are building a material agnostic platform from which Tekni-Plex will provide materials-science based solutions that meet our customers' performance and sustainability needs across a variety of substrates," said Eldon Schaffer, CEO, Tekni-Plex Consumer Products. "We believe these solutions will be extremely attractive to the high-growth fresh foods markets, especially on the perimeter of the store."

Source: Tekni-Plex

You must login or register in order to post a comment.

Join us for an exclusive look into the future of the protein industry with The National Provisioner’s 2024 State of the Industry webinar, a key feature of our October eMagazine. Dive deep into transformative insights as consumer research experts from Circana take the stage.

IPPE 2025

The International Production & Processing Expo is the world's largest annual poultry and egg, meat, and animal food industry event of its kind. A wide range of domestic and international decision-makers attend this annual event to find solutions for their business, network with industry colleagues, and learn about the latest technological developments and issues facing the industry.

The 2025 IPPE already has 1,200+ exhibitors that will occupy more than 583,000+ square feet of exhibit space. The 2025 IPPE will offer timely and important information and an efficient way for producers and processors to find solutions to enhance their operations.

We look forward to being with you again at the Georgia World Congress Center in Atlanta. Mark your calendar to join us Jan. 28 - 30, 2025. You will not want to miss this "must-attend" event for our industries!