Lawson Mardon just expanded its flexible food packaging operations by purchasing Pacquet Oneida of Clifton, N.J.
``We are Europe's leading flexible packaging company, but in North America we're No. 5 or 6,'' said Robert Kahn, Lawson Mardon communications director. ``We need to strengthen our position outside of specialty packaging to more-diverse areas.''
Privately held Pacquet Oneida employs more than 200 at three facilities in Clifton; Charlotte, N.C.; and Carson, Calif. The plastic film printer and converter gives Lawson Mardon new customers and new markets in the confectionery and diet food markets.
``It's a good fit and their technology is not too different from what we have,'' Kahn added.
Pacquet Oneida, a unit of Butler & Smith of Clifton, converts polyester, polypropylene and polyethylene film and is focused on the confectionery, snack and bakery markets.
The deal is scheduled to close at the end of this month. Terms were not disclosed.
``We are excited by this move — it is a clear indication to the marketplace that we are solidifying and building our food flexible packaging activities,'' Peter Mathias, chief operating officer of Lawson Mardon's North American Food Flexibles unit, said in a news release. That division is based in Northbrook, Ill.
With 1997 annual sales of 1.84 Swiss francs ($1.26 billion), Lawson Mardon has leading positions in food flexibles and tobacco packaging. It serves multinational food and tobacco customers. The firm is a subsidiary of Zurich-based Alusuisse Lonza Group Ltd.