Faerch Acquires MCP and Enters the US Market

Faerch Group, a leading European supplier of sustainable rigid packaging solutions for the food industry and the world’s first integrated tray recycler announced the acquisition of MCP Performance Plastic.

MCP is a high-quality manufacturer of turn-key packaging solutions, serving food producers, brand owners and retailers in the US, Middle East and Europe. MCP employs 200 people and has two production sites in the US and Israel, offering a large range of food trays made from CPET, APET and PP.

The transaction expands Faerch’s geographical footprint beyond Europe and establishes a presence in the important US market. According to the company, it is part of Faerch’s long-term growth strategy and underpins the ambition to lead the transition of food packaging towards true circularity globally. The transaction marks the first acquisition under Faerch’s new ownership by A.P. Moller Holding.

“We warmly welcome MCP and our new colleagues to the Faerch Group”, Lars Gade Hansen, CEO of Faerch Group, says. “Our circular solutions will complement MCP’s product range, setting us jointly at the forefront of making food packaging circular also beyond Europe”, he continues.

In a circular economy, food packaging is made from recycled content and recycled back into new food packaging in an endless number of cycles. “MCP will serve as a stepping stone for Faerch entering the important US market, which is estimated to account for USD 55 billion. Being local will allow us to support the retailers, brand owners and food manufactures in making the right material choice for true circularity in the US food packaging market”, Lars Gade Hansen adds.

The transaction is expected to close within three months, subject to customary closing conditions and regulatory approval.