API Group has announced that it has successfully completed the acquisition of Hazen Paper Company’s Paperboard Lamination facilities and business in Osgood, Indiana, USA.
Founded in 1925, Hazen Paper Company is a paper converter and following the divestment of its Osgood plant, the company will concentrate on its core business of custom holography and specialist paper converting at its other facility in Massachusetts.
“The acquisition is part of our strategy to focus on brand enhancement solutions for the packaging market and it enables us to provide a combined foils and laminate offering to our global customers,” said Dino Kiriakopoulos, CEO of the API Group. “The addition of an established US lamination business with a pedigree in key sectors is very welcome. We have a strong track record of innovation, technical excellence and continuous improvement and we look forward to realising the synergies this acquisition presents. Hazen will continue to supply the API Osgood site with its high quality silver and holographic lamination films.
“The business includes commercial and production assets of the Osgood-based lamination facility, along with employees who will transfer to API immediately,” he added.
John Hazen, president of the Hazen Paper Company, commented: “From our dealings with API, we know they will be a good custodian of our Osgood and folding carton and box wrap business as they understand the industry and are focused on meeting customer needs. We will work closely with API to ensure continuity for our customers throughout the transition and look forward to working in partnership with them on future projects.”