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Faerch is a pan-European manufacturer of sustainable food packaging solutions, made from up to 100% post-consumer recycled content and recyclable to new food grade products, also defined as closed loop products. The company is able to operate as an integrated recycler, offering its customers to recycle used packaging back into new, similar food grade packaging products at industrial scale.

Texte Alternatif“Today, a lot of plastics and other forms of waste end up in nature, landfills and incinerators, with far-reaching environmental implications. We would like to contribute to the critical societal development of a circular system of waste, with the same material being used and re-used in an endless number of manufacturing cycles. Faerch has demonstrated that it offers a compelling, sustainable solution, by developing food packaging products with a high degree of post-consumer recycled content,” comments Robert M. Uggla, CEO, A.P. Moller Holding.

A.P. Moller Holding will support an acceleration of Faerch’s leadership position and increase investments in additional recycling facilities to meet the high customer demand. Lars Gade Hansen, CEO, Faerch Group adds: “There is a perfect fit in terms of core values and we experience full support for our strategy to drive the industry’s transition towards sustainable packaging solutions and a more circular economy. 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.”

The transaction values Faerch at approximately EUR 1.9bn. It 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.

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