LITTLE FALLS, N.Y.
Jan. 3, 2013
/PRNewswire/ -- On
, Burrows Paper Corporation completed the acquisition of the remaining 75 percent equity interest in Innopak Hong Kong Limited (the investment company that owns 100 percent of Innopak Heshan) from Innopak Holdings Limited. Until recently, Burrows was a 25 percent stakeholder in this joint venture packaging company.
The move further expands Burrows' ability to provide global customers with worldwide access to premium packaging for their products, company officials stated.
"We are very proud to welcome the Innopak team into the Burrows family," said Burrows Chairman, Chief Executive Officer and President
. "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,
. Stringent Good Manufacturing Practice and Hazard Analysis and Critical Control Point systems guide Innopak's ISO9001:2008 and QS registered operations.
"Burrows has a reputation for being innovators in the foodservice packaging industry," said Innopak Managing Director
. "We look forward to investments that will enable us to further enhance the breadth of our product line and increase efficiency."
Burrows Paper Corporation is a worldwide supplier of light weight specialty paper and packaging solutions. Integrating nearly 100 years of papermaking expertise into its food packaging line of products, Burrows continues to grow as a family-owned company with an active third-generation owner.