Sealed Air Corporation has acquired Philippines-based packaging producer MGM for an undisclosed sum, expanding its operations in the Asia Pacific market.
Manila-headquartered MGM specialises in printing and laminating, and provides flexible food packaging materials for consumer packaged goods markets in Southeast Asia as well as companies in Australia, Brunei Darussalam, and New Zealand.
Sealed Air says that the acquisition of MGM’s expertise to expand its printing and lamination capabilities and better serve customers throughout the Asia Pacific region.
MGM’s 150 staff will join Sealed Air, who have operated in the Philippines for over 20 years and already employ over 2,000 people in the country.
Karl Deily, SVP, president and chief commercial officer of Sealed Air said: “We are excited to have the talented team at MGM join us and improve our ability to deliver world-class innovations to the region’s rapidly growing food market.
“This acquisition enables us to expand our capacity and footprint in Asia and aligns with our strategy to invest in high-growth geographies and markets.”
© FoodBev Media Ltd 2021
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