Sealed Air Corporation announced it has acquired MultiBagger Holdings, a wholly-owned subsidiary of Machinery Developments Limited. Prior to the closing of the acquisition, Machinery Developments Limited transferred substantially all of its assets to MultiBagger Holdings, including the MultiBagger paired bag dispensing equipment product line. The transaction expands Sealed Air’s line of Cryovac packaging solutions for fresh and processed food customers.
“This is an opportunity to strengthen our commitment to offering complete
shrink packaging systems that enable customers to reduce inventory costs and increase
operational efficiency,” says Karl Deily, president, Sealed Air’s Cryovac Food
Packaging business. “MultiBagger products have an established presence in the
North American fresh red meat market and will complement our existing system
automation and line integration capabilities.”
Deily adds that customers also will benefit from the full range of existing
Cryovac boneless and bone-in tubing materials immediately ready for use with
the MultiBagger products.
64 9 307 0833
Sealed Air Corporation Announces Acquisition of MultiBagger Holdings
October 25, 2011