Burrows Paper Acquires Innopak
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Burrows Paper Corp., Little Falls, N.Y., USA, reports that it has completed the acquisition of the remaining 75% equity interest in Innopak Hong Kong Ltd. (the investment company that owns 100% of Innopak Heshan) from Innopak Holdings Ltd. Until recently, Burrows was a 25% stakeholder in this joint venture packaging company. Burrows noted that the move further expands its ability to provide global customers with worldwide access to premium packaging for their products.
"We are very proud to welcome the Innopak team into the Burrows family," said Burrows Chairman, COO, and President Bill Burrows. "The synergy of our two companies holds great potential for mutually beneficial integration and significant growth opportunities. Through our shared values and commitment to quality, we will achieve our primary goal of providing superior packaging products to customers, as well as broader opportunities for employees."
Innopak Heshan is a converter of specialty paper and board-based foodservice packaging products. Innopak's current offerings include specialized hand carry bags, grease-resistant wraps, color printed clamshells, and more. The company was established in 2007 and its manufacturing facility is located at Longkou, Heshan, Guangdong, China.
"Burrows has a reputation for being innovators in the foodservice packaging industry," said Innopak Managing Director Paul Voo. "We look forward to investments that will enable us to further enhance the breadth of our product line and increase efficiency."
Burrows operates four paper mills and five converting facilities domestically and abroad—New York, Ohio, Nevada, Iowa, Mississippi, and The Netherlands. Its paper mills maintain the highest standards with ISO, HAACP, and FSC certifications. Burrows is one of only a few companies capable of producing light weight printable tissue paper from 7.5 to 30 lb (12.2 to 48.9 gsm). The company produces MG and MF paper grades that are used in a variety of applications, including medical and food packaging, and many industrial grade papers.
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