Pactiv Corporation is to purchase Winkler Forming, a leading thermoformer of amorphous polyethylene terephthalate (APET) for food packaging, for $72.5 million.
The purchase of Winkler will allow Pactiv an opportunity to expand in the wholesale bakery, confectionery, and fresh-cut produce markets.
The addition of APET products enhances Pactiv’s rigid display packaging product line, consisting of oriented polystyrene, talc-filled polypropylene, aluminium, moulded fibre, ovenable paperboard, and foam products.
Winkler has two manufacturing facilities, one in Santa Fe Springs, CA and the other in Bridgeview, IL. The Santa Fe Springs location also houses a tool making operation.