The deal, which was signed a few weeks ago, includes purchasing production activity from an American player who will remain a partner with Plasgad in the new venture. As part of the deal Plasgad is acquiring a wide range of production means, including more than 20 injection machines that will provide Plasgad with advanced technical/production capabilities in the US, as well as agreements and partnerships with business associates. This deal is expected to increase Plasgad’s activity and sales in the USA by millions of dollars in the coming years. The production site is located in North Carolina, which is a strategic location for current and future potential customers.
Plasgad specializes in developing and manufacturing reusable plastic packaging and transportation solutions. The company operates two production sites in Israel, and has been active internationally for many years through an extensive global distribution network and three fully owned subsidiaries in Spain, Germany and the USA. The latest strategic move is part of Plasgad’s ongoing process of expanding its international activity, particularly in the USA. According to the Company CEO, Ofer Karmon, the new partnership will enable Plasgad to considerably increase its activity in the US, due to bringing Plasgad closer to its customers and the advance production capabilities that the NC site will provide.
Angel Bakery and Plasgad’s long-term working cooperation continues to grow and deepen
Plasgad is a long-term partner of Angel Bakery. The enduring relationship was born when the Angel Bakery identified Plasgad as a supplier that could meet their needs, approaching with a request to create a packaging solution for the transport of bread.
Latest, hot of the press – the new Distribution Pallet series
The new Plasgad distribution pallet is a powerful new series that offers outstanding nesting capability and high durability for hundreds of rounds. Development of the distribution pallet series was born out of the need to answer market demands for durability, multi-functionality and cost effectiveness. The distribution pallet proved to be the ideal solution.
- Elias Bittan
- Company News
- Created 14 Aug 2019
- Modified 14 Aug 2019
- Hits 60