CKF and Packright joining forces for the thermoformed rPET industry is a powerful combination.
Packright has a proven track record of building and growing markets, designing new products, and operating a lean manufacturing plant. For its part, CKF, established in 1933, operates five plants across Canada and two in the US, in three material substrates: foam, rPET and moulded pulp. CKF services many of the same customers as Packright and operates in similar markets in North America, so the acquisition offers both companies and the combined customer base benefits of scale, design, and market access. Packright will gain access to CKF’s capital strength, its manufacturing expertise and capacity; while CKF will benefit from Packright’s design prowess, its market reputation for quality products and its established and loyal customer base.
Most importantly, the combined customer base will have access to a deeper and wider product line, expanded production capacity from CKF’s Delta plant and a vertically integrated supplier when CKF’s extrusion facility in Rexdale, Ont, is operational in December 2022.
“Counting Packright as part of the CKF family is a milestone for our entire group,” says Ian Anderson, President of CKF. “Not only are we gaining a tremendous depth of knowledge in rPET design and manufacturing, but the acquisition aligns with our vision and investment strategy to build the scale and standardization required for a sustainable, circular economy for rPET.”
