Effective April 1st, 2024 - Nefab Group, through Nefab Packaging, Inc. USA, has acquired Plastiform, Inc. and its subsidiary Precision Formed Plastics, Inc., a Texas based group specializing in high quality thermoformed cushioning solutions, made from recycled plastics, to further strengthen its global market position and commitment to saving resources in supply chains.

"Through this important acquisition, we further strengthen Nefab's market position in the Americas and capability to support our customer in key segments such as Datacom and Cloud with thermoformed cushioning trays made from recycled plastics. Our strengthened market presence, in-house production capacity, and extended portfolio of sustainable solutions will enable us to serve our customers even better.", says Per Öhagen, President and CEO of Nefab Group.

In the last couple of years, Nefab has acquired a number of leading companies in the areas of thermoforming and sustainable packaging solutions, in both the Americas and Europe. Thermoformed solutions provide the quality, precision and flexibility required in many industry segments when replacing less sustainable packaging materials e.g. foam. Moreover, the thermoformed solutions made from recycled plastics provide the circularity required from a sustainability perspective.

With the addition of Precision Formed Plastics, with modern production facilities in Dallas, Texas, Nefab's global portfolio and know-how in the production of thermoformed solutions is further strengthened. Precision Formed Plastics specializes in high quality and precise plastic cushioning solutions and has more than 50 years of history supporting leading industry customers with high quality and sustainable packaging products.

"We are honored and excited to join the Nefab Group and support their purpose and value proposition on a global scale in general and the Americas in particular. Nefab's market presence, customer-focus, and strong commitment to saving resources aligns well with our values, and we we look forward to continuing our growth journey together in the Americas and globally." says Jeff Jones, Owner and MD of Precision Formed Plastics, Inc.

"With this strategic acquisition we further strengthen our ability to serve American and global customers with high quality packaging solutions that generate both financial and environmental savings. We are happy to welcome the Precision Formed Plastics team to the Nefab Group," Per Öhagen concludes.

With the acquisition of Precision Formed Plastics, the Nefab Group will have over 4,750 employees spread across 38 countries, with a yearly turnover of over 10B SEK.

 

Source:prnewswire.com

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