Sealed Air Corporation has acquired MGM’s flexible packaging business. MGM is a privately held company in Manila. The transaction is expected to close in April.
Founded in 1982, MGM specialises in printing and laminating and provides flexible food packaging materials for consumer packaged goods markets in Southeast Asia.
The company also exports to Australia and New Zealand.
Sealed Air said it plans to leverage MGM’s expertise to expand its printing and lamination capabilities and better serve customers throughout the Asia Pacific region.
“We are excited to have the talented team at MGM join us and improve our ability to deliver world-class innovations to the region’s rapidly growing food market,” said Karl Deily, chief commercial officer at Sealed Air. “This acquisition enables us to expand our capacity and footprint in Asia and aligns with our strategy to invest in high-growth geographies and markets.”