APPE sale to Plastipak confirmed

Plastipak Packaging (Plymouth, MI) confirms that following the approval granted by the European Commission under the EU Merger Act on June 11, the sale of APPE to Plastipak Packaging Inc. has been finalized. APPE is rebranded Plastipak Packaging with immediate effect.

Plastipak acquires APPE.

“Plastipak is pleased to welcome APPE under the banner of Plastipak Packaging. The acquisition will significantly strengthen Plastipak’s position in Europe and provide a solid platform for further growth into surrounding regions,” said William C. Young, CEO of Plastipak Packaging. “Our competitive advantage includes Packaging Innovation Centers which supply and service our Direct Object Printing systems, ThermoShape and ThermaLite technologies, multi-layer barrier containers and E-Pet with fully integrated handles, to name only a few.”  

He added, “The combination of the strong leadership teams of both companies, positions Plastipak to be the global leader in rigid packaging, through engaged hearts and minds.”

Martin Hargreaves has been appointed Managing Director, Europe, which now includes 15 production facilities, spanning 12 countries throughout the Europe region. Martin’s leadership has been effective in driving Organizational Capabilities and has navigated APPE through challenging conditions.

“Through combining APPE’s strong technical innovations and the global technology reach of Plastipak, we will better serve our customers’ global product needs and facilitate our expansion into new markets,” said Frank Pollock, Plastipak’s President of International Operations and CCO. “Our commitment is to bring overall value to our customers through material efficiency, container design, innovative products and unlimited options for the use of recycled products.”

"We wish to thank our customers as well as the APPE and Plastipak management teams who have worked so hard to make our two companies become one."