A.P. Moller Holding announced today an agreement to acquire Denmark-based sustainable food packaging company the Faerch Group, in a transaction valuing Faerch at approximately €1.9 billion. A.P. Moller Holding is the parent company of the A.P. Moller Group and the investment arm of the A.P. Moller Foundation, with a purpose of investing in and building businesses that have a positive impact on society.
Robert M. Uggla, CEO at A.P. Moller Holding, said:
“Today, a lot of plastics and other forms of waste end up in nature, landfills and incinerators, with far-reaching environmental implications. We would like to contribute to the critical societal development of a circular system of waste, with the same material being used and re-used in an endless number of manufacturing cycles. Faerch has demonstrated that it offers a compelling, sustainable solution, by developing food packaging products with a high degree of post-consumer recycled content.”
Faerch is a leading European manufacturer of sustainable food packaging solutions within the Ready Meals, Protein, Food-to-Go and Dairy segments, providing circular solutions for rigid food packaging, with products made from up to 100% recycled content and fully recyclable to new food grade products. According to A.P. Moller, Faerch is also the only food packaging company in the world to operate as an integrated recycler.
Lars Gade Hansen, CEO at Faerch Group, said:
“We are delighted and proud to become part of the A.P. Moller Group. There is a perfect fit in terms of core values and we experience full support for our strategy to drive the industry’s transition towards sustainable packaging solutions and a more circular economy. Being part of the A.P. Moller Group with its outstanding family heritage, its long-term investment perspective and international network brings about many advantages and opportunities for Faerch.”
Jan T. Nielsen, CIO at A.P. Moller Holding, added:
“Faerch is recognised as a leader within circular food packaging solutions. It has a great team, a strong customer offering and distinctive operational capabilities. A.P. Moller Holding will support an acceleration of Faerch’s leadership position and increase investments in additional recycling facilities to meet the high customer demand.”