The division is based in Osgood, Indiana and allows Hazen Paper to concentrate on its core business of custom holography and specialist paper converting at its Massachusetts facilities.
“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, chief executive 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 realizing the synergies this acquisition presents. Hazen will continue to supply the API Osgood site with its high quality silver and holographic lamination films.’
Kiriakopoulos added: “The business includes commercial and production assets of the Osgood based Lamination facility, along with employees who will transfer to API immediately.”
John Hazen, president, of the Hazen Paper Company said: “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.”
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