Lars Gade Hansen, CEO, Faerch Group: “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 brings about many advantages and opportunities for Faerch.”
Jan Nielsen, CIO, A.P. Moller Holding: “As the investment arm of the A.P. Moller Foundation, we invest in and build businesses that have a positive impact on society – ‘nyttig virksomhed’. With its focus on making food packaging circular, Faerch certainly have 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.”
Faerch will continue to operate as a separate company. With its new owners, Faerch 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.
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.