Business News
API Group announces acquisition of Lamination facility in United States
Monday 01. August 2016 - API Group today announces that it has successfully completed the acquisition of Hazen Paper Companys Paperboard Lamination facilities and business in Osgood, Indiana. Founded in 1925, Hazen Paper Company is a paper converter based in Holyoke, Massachusetts and following the divestment of its Osgood plant, Hazen Paper will concentrate on its core business of custom holography and specialist paper converting in its Massachusetts facilities.
“The acquisition is part of our strategy to focus on brand enhancement solutions for the packaging market and it enables us to provide a combined foils and laminate offering to our global customers” said Dino Kiriakopoulos, CEO of the API Group. “The addition of an established US Lamination business with a pedigree in key sectors is very welcome. We have a strong track record of innovation, technical excellence and continuous improvement and we look forward to realizing the synergies this acquisition presents. Hazen will continue to supply the API Osgood site with its high quality silver and holographic lamination films.
“The business includes commercial and production assets of the Osgood based Lamination facility, along with employees who will transfer to API immediately” Dino added.
“From our dealings with API, we know they will be a good custodian of our Osgood and folding carton and box wrap business as they understand the industry and are focused on meeting customer needs” said John Hazen, President, of the Hazen Paper Company said “We will work closely with API to ensure continuity for our customers throughout the transition and look forward to working in partnership with them on future projects.”