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Consolidation stands out in 2015 - notably with the big Ampac, Prolamina merger - and is expected to continue in the industry moving forward.
The flexible packaging industry is now well ahead of pre-recession levels and it's expected that consolidation through mergers and acquisitions (M&As) will continue. While M&As didn't play quite as big of a role in putting together this list as they did when we put together last year's Top 25 list, certainly the big headline-getter in 2015 was the merging of Ampac and Prolamina to become ProAmpac - and then ProAmpac's subsequent acquisition of Coating Excellence International (CEI).
On that note, we present the 2016 Top 25 Converters, which are based offof 2015 sales. Read on to see how this year's list shakes out, as well as what each company has been up to over the past year.
1 BEMIS
2015 sales (in billions): $4.1 / Neenah, Wisconsin
Bemis introduced Form-Tite, a family of shrinkable forming films able to run on a wide range of thermoforming equipment, in June of 2015. The films present the opportunity to automate the packing process, gaining higher throughputs and achieving cost savings. They're also designed to reduce leaker rates and improve pack security with good seal strength. A high oxygen barrier keeps food products fresher for longer. Bemis also earned a 2016 Flexible Packaging Achievement Award in the Technical Innovation category for its Smithfield Foodservice Package Utilizing its Flow-Tite shrink rollstock film. It also received the Highest Achievement Award for its Campbell's Soup Ready Meals pouch.
Bemis | (920) 527-7440; www.bemis.com
2 SEALED AIR CORPORATION
2015 sales (in billions): $3* / Charlotte, North Carolina
Sealed Air officially broke ground on its new global headquarters in July 2015, which will be located on Cascade Point Boulevard in the Lake Pointe Corporate Center in Charlotte, North Carolina. The new campus will consist of three buildings and house more than 1,200 employees, including leaders from Sealed Air's three divisions and corporate functions. It also will house the company's new R&D facility and a customer learning center. The campus is expected to be completed by the end of this year and Sealed Air is leasing corporate office space until then. Sealed Air's previous headquarters was located in Elmwood...