Once again, Flexible Packaging offers its annual list of the Top 25 Converters in North America for the year 2019. These rankings are based on each company’s revenues for the year 2018. The rankings are scrambled a bit from the previous year, but most companies are familiar figures in this year-to-year feature.
Reading this, you'll see what each converter has been up to in the past year. It’s evident that this list is going to look very different next year. The race is on. On that note, we present our 2018 Top 25 Converters in North America feature, based off of sales information from the 2017 calendar year.
Compared to the lists of the past few years, the 2017 Flexible Packaging Top 25 Converters list may seem, well, ordinary. While this year was not without its share of M&A's, they were all fairly minor to some of the big shake-ups the industry has seen in the past.
With strong merger and acquisition activity, 2019 was another year of industry consolidation.
Over the past 10 years, the flexible packaging industry has grown from $26.6 billion to $31.8 billion with a cumulative annual growth rate of 2% per year, according to the FPA.
Amcor Limited and Bemis Company, Inc. have reached more key milestones toward completion of their all-stock transaction with the recent filing of shareholder documentation and finalization of Board of Director and senior leadership appointments. Completion of the transaction is expected by May.
Sigma Plastics Group has ordered its 53rd Windmoeller & Hoelscher blown film machine. The VAREX II line will be installed in Sigma’s ISOFlex Indiana plant in Washington, Indiana – a plant that features all W&H lines and is dedicated to producing high-end film.
TC Transcontinental Packaging is launching one of the first-in-market, 100 percent recyclable, multilayer barrier standup pouches in North America in partnership with Harney & Sons, an American tea company, for its loose tea flexible plastic pouch.
We kick off the New Year by asking industry executives to take a look back at the year that was and predict how it’ll affect 2021. No crystal balls here! Quality control in inspection systems and printing cylinders also takes a front seat this month. Plus, sustainability in cannabis packaging, a Q&A with Sealed Air and more!