Faerch A/S, the leading pan-European supplier of sustainable trays for the global food industry, becomes part of the A.P. Møller Group, which has signed an agreement to acquire Faerch from funds managed by Advent International, according to a statement. The transaction of Faerch is subject to approval by the relevant competition authorities and completion of Faerch’s recently announced acquisition of the Sirap food packaging business in Italy, Poland, and Spain.
Faerch is the only food packaging company in the world to operate as an integrated tray recycler, offering its customers to recycle used food trays back into new food-grade products at an industrial scale.
“We are delighted and proud to become part of the A.P. Moller Group. There is a perfect fit in terms of our core values, and we experience full support for our strategy to drive the industry’s transition towards circularity. Being part of the A.P. Moller Group with its outstanding family heritage, its long-term investment perspective and international network bring about many advantages and opportunities for Faerch,” Lars Gade Hansen, CEO of Faerch Group said.
While Faerch will continue to operate as a separate company, it will increase momentum further in leading the transition of food packaging towards circularity and scaling its successful tray-to-tray recycling business into additional countries.
“With its focus on making food packaging circular, Faerch certainly has a positive impact on society, and we are proud to welcome Faerch to the A.P. Moller Group. With our global presence and extensive network, we believe we will be a value-added and long-term partner assisting Faerch in accelerating its position as a leading sustainable food packaging company”, Jan Nielsen, CIO of A.P. Moller Holding added.