Sealed Air Corporation will expand its presence in the Asia-Pacific with the purchase of MGM’s flexible packaging business in the Philippines.
The acquisition, which is expected to complete in April, will see the packaging giant take on MGM’s markets in Southeast Asia, as well as its business in Australia, Brunei Darussalam, and New Zealand. Sealed Air will be able to expand its printing and lamination capabilities in the region, said Karl Deily, SVP, president and chief commercial officer of Sealed Air.
“We are excited to have the talented team at MGM join us and improve our ability to deliver world-class innovations to the region’s rapidly growing food market,” he said. “This acquisition enables us to expand our capacity and footprint in Asia and aligns with our strategy to invest in high-growth geographies and markets.”
Sealed Air has operated in the Philippines for more than 20 years, and will add MGM’s 150 employees to the roughly 2000 it has across Asia.
