"We are pleased to welcome GIC as a shareholder of Altium Packaging. GIC is a well-established, long-term investor with a track record of success. Having Loews and GIC – two world-class institutions – as our partners will be invaluable as we continue to pursue our growth strategy and seek accretive acquisitions that add further scale and end-market diversification," said Sean Fallmann, President & CEO of Altium Packaging.
The company serves a diverse network of market segments and is a leader in sustainable plastic packaging solutions. In addition, Altium's Envision Plastics recycled resin business is a top supplier of recycled high-density polyethylene in North America. Altium's Dura-Lite® bottles are designed to use 10-25% less plastic than comparable traditional designs and are being created to serve the food, household chemical and industrial end-markets.
(Source: PR Newswire)