Market News

March 2021- Anchor Packaging LLC, announced the expansion of its Arkansas manufacturing facility by 90,000 square feet and US$ 21.5 million to accommodate the increased demand for foodservice containers used by restaurants, supermarkets, and convenience shops.

December 2020- Placon began work on their medical facility expansion in Elkhart, Indiana, in the U.S. Custom plastic packaging for medical devices and other products for the healthcare industry will be manufactured at the factory. The location is also equipped to handle thermoforming, BargerGrad protection goods, in-line flexographic lid printing, die-cutting, and lift labeling.

July 2020- Anchor Packaging LLC purchased Panoramic INC., a thermoformed product company, situated in Wisconsin, U.S. Anchor will be able to serve the combined client base and provide more comprehensive outcomes for the whole food business in North America and other regions as a result of this merger.

January 2020- Thermoform Engineered Quality, LLC, and Plastique Holdings, LTD (collectively TEQ), a thermoformed packaging company serving the healthcare, medical device, and consumer markets, were acquired by Sonoco Products Company. Due to this acquisition, Sonoco Products Company will be able to expand its market presence in healthcare packaging.