API Group acquires paperboard lamination facility in U.S.
Hazen Paper Company’s paperboard lamination facilities and business in Indiana sold to API Group.
API Group, a U.K.-based company has successfully completed the acquisition of Hazen Paper Company’s paperboard lamination facilities and business in Osgood, Indiana.
Founded in 1925, Hazen Paper Company is a paper converter based in Holyoke, Massachusetts and following the divestment of its Osgood plant, Hazen Paper will concentrate on its core business of custom holography and specialist paper converting in its Massachusetts facilities.
“The acquisition is part of our strategy to focus on brand enhancement solutions for the packaging market and it enables us to provide a combined foils and laminate offering to our global customers,” says API Group chief executive officer Dino Kiriakopoulos. “The addition of an established U.S. lamination business with a pedigree in key sectors is very welcome. We have a strong track record of innovation, technical excellence and continuous improvement and we look forward to realizing the synergies this acquisition presents. Hazen will continue to supply the API Osgood site with its high quality silver and holographic lamination films.”
He adds that, “The business includes commercial and production assets of the Osgood-based lamination facility, along with employees who will transfer to API immediately.”
Hazen Paper Company president John Hazen states, “From our dealings with API, we know they will be a good custodian of our Osgood and folding carton and box wrap business as they understand the industry and are focused on meeting customer needs.
“We will work closely with API to ensure continuity for our customers throughout the transition and look forward to working in partnership with them on future projects.”
API Group is a leading global manufacturer and distributor of foils, laminates and holographic materials for consumer goods and printed media. The company operates from locations in Europe, America and Asia, providing packaging solutions for a wide-range of markets, including: premium drinks, confectionery, tobacco, perfumery, personal care, cosmetics and healthcare.
Image from API Group company website.