The products, available now as part of the Eco-Products bundle, are made with no-added PFAS and are ideal for restaurants, supermarkets, convenience stores, bakers, concessions and other foodservice operators.
Traditional plastic laminated packaging paper has been replaced with an innovative paper solution, which is easier to recycle and does not compromise the protection it provides the rice pies inside.
The two companies will leverage combined fiber and film-based materials science expertise to create environmentally friendly flexible packaging products.
In 2023, the flexible packaging industry saw positive developments despite challenges for some firms. Sonoco achieved record profits, TC Transcontinental maintained stable revenues and increased earnings, and Winpak benefited from lower raw material prices, improving profit margins. The industry's consolidation trend was also evident in the Top 25 converters list for the year.
Castaneda will lead TIPA's drive to increase its share in the compostable packaging market as demand grows for eco-friendly solutions as an alternative to conventional flexible plastic packaging.
Metalvac FP is metallized paper designed for flexible packaging applications that do not require any specific barrier properties, suitable for final applications like chocolate and ice cream cone wrappers as well as other food packaging applications without barrier requirements.
Acquisition will broaden ProAmpac’s product portfolio for customers across the United States and Canada and will allow the company to better serve customers in the high-growth food and beverage, agriculture, industrial and pharmaceutical end markets.
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