BIZ BYTES: Scotia Investments Limited, CKF, Inc. further growth plans in the sustainable packaging sector with acquisition of molded fiber technologies Inc.
BIZ BYTES: Scotia Investments Limited, CKF, Inc. further growth plans in the sustainable packaging sector with acquisition of molded fiber technologies Inc.
HANTSPORT, Novia Scotia — Scotia Investments Limited (SIL), together with CKF, Inc (CKF) have reached an agreement with U.S.-based parent company UFP Technologies Inc (UFP) that CKF will purchase UFP’s Molded Fiber Technology Inc. (MFT). The new corporate entity will be known as
MFT-CKF, Inc.
MFT designs, manufactures and distributes environmentally responsible protective packaging solutions for the consumer goods, electronics, and industrial products markets across North America from plants in Clinton and El Paso, Texas. CKF manufactures molded pulp, foam and PET products for the food service, packaging and retail sectors, servicing customers globally from their five plants across Canada.
“We are excited to be joining forces with the team at MFT," CKF President Ian Anderson said in a news release. "As proven market leaders in the production of molded pulp protective packaging, they are known by their customers and industry peers for their quality products, technological innovation, and their focus on sustainability. MFT’s
