CONSOLIDATED SUBSIDIARY OVERVIEW
Altium Packaging is excited to announce it has entered the next phase of a $10 million investment in PET capacity and capability, building on recent acquisitions including Tri State Distribution (now Altium Healthcare) and Plastique Micron (now part of Altium Packaging Canada). Altiums 64 packaging plants allow it to efficiently serve pharmaceutical, nutraceutical, personal care, dairy, beverage and large format water customers throughout the U.S. and Canada with the highest quality PET products.
The recent investments significantly increase Altiums PET bottle production capacity, in sizes from 2 ounces to 5 gallons. Additional investments in preform tooling have similarly expanded Altiums preform catalog, resulting in a more efficient internal supply chain, faster customer response time and improved quality.
Mark Shafer, Senior Vice President and General Manager for Altiums Food, Nutrition and Beverage Group, stated, Altiums flexibility and expertise in short to mid-run business allows us to quickly respond to customers needs. Our increased investment in PET assets enables us to offer a wider variety of alternatives to better meet various packaging and filling requirements. Altium is constantly expanding our capability to better help our customers grow through innovative, cost effective packaging solutions, and our recent investments in PET assets are consistent with this vision.
Ben Woods, Vice President of Altium Healthcare, stated, Altium Healthcare leverages the multiple benefits PET offers and utilizes it in variety of packaging options, including dispensing bottles. PET is lighter than glass, has numerous DMF filings, and does not shatter when dropped. PET is the material of choice not just with our pharmaceutical customers but also with many nutraceutical customers, and we plan to greatly expand our offerings in the coming years.
Altiums short- and long-term strategies include continued, significant investments in PET assets and capabilities and a proactive approach to market-based solutions.
About Altium Packaging
Altium Packaging is a leading customer-centric packaging solutions provider and manufacturer in North America. Altium specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the pharmaceutical, dairy, household chemicals, food, nutraceuticals, industrial/specialty chemicals, water and beverage/juice segments. Altium also operates a leading post-consumer resin business, Envision Plastics. With 64 packaging manufacturing facilities in the U.S. and Canada, two recycled resins manufacturing facilities, and 3,000 employees, Altium has an integrated network that consistently delivers reliable and cost-effective packaging and recycled resin solutions to meet the needs of a wide range of customers. From its state-of-the art Studio PKG, to the recycling technologies of Envision Plastics, to its experienced manufacturing teams across its network, Altium delivers high performance, cost-effective solutions to meet even the most challenging applications. www.altiumpkg.com
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Brian Hankin, SVP Strategy, Marketing, and Innovation
Source: Altium Packaging