According to a report from Mesirow Financial Investment Banking, 2014 was the biggest year of mergers and acquisitions in the packaging industry this side of the great recession – reaching a post-recession high of $29.9 billion. And this is surely reflected in this year’s Top 25 Converters list, the 11th-annual list that Flexible Packaging has conducted.
There are several new names on this year’s list. NOVOLEX was born in 2014 with the integration of historic packaging brands, which include Helix Poly, Duro Bag Manufacturing Co. and Packaging Dynamics Corp. On last year’s list, we included the Mondi Group subsidiary Mondi Jackson, however after Mondi acquired Graphic Packaging International’s industrial bag division last summer, we opted to list all of Mondi’s U.S.-based flexible packaging converters as one this year – Mondi North America. The heavy M&A activity also opened up spots on the list for other companies to debut. Newcomers include Liqui-Box, InterFlex Group, Oliver-Tolas Healthcare Packaging and St. Johns Packaging.